Valmark Advisers Inc. Purchases 27,684 Shares of Capital Group Core Balanced ETF $CGBL

Valmark Advisers Inc. increased its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 43.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 92,126 shares of the company’s stock after purchasing an additional 27,684 shares during the period. Valmark Advisers Inc.’s holdings in Capital Group Core Balanced ETF were worth $3,199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC lifted its stake in Capital Group Core Balanced ETF by 106.9% in the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $46,000 after acquiring an additional 709 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Capital Group Core Balanced ETF by 9.1% in the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock valued at $156,000 after purchasing an additional 390 shares during the period. Financial Perspectives Inc lifted its stake in Capital Group Core Balanced ETF by 225.9% in the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock valued at $195,000 after purchasing an additional 4,035 shares during the last quarter. M.E. Allison & CO. Inc. bought a new position in Capital Group Core Balanced ETF during the third quarter worth about $207,000. Finally, Savvy Advisors Inc. acquired a new position in Capital Group Core Balanced ETF during the second quarter worth approximately $203,000.

Capital Group Core Balanced ETF Stock Up 0.8%

NYSEARCA:CGBL opened at $36.22 on Friday. The stock’s 50 day moving average price is $35.16 and its two-hundred day moving average price is $34.56. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 12-month low of $28.22 and a 12-month high of $36.24.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.2251 dividend. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 26th. This represents a $0.90 dividend on an annualized basis and a yield of 2.5%.

Capital Group Core Balanced ETF Profile

The Capital Group Core Balanced ETF (CGBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that offers a balanced approach to total return and capital preservation. The fund employs an active asset allocation strategy to invest in equities, debts, money market instruments, and cash. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.