Stratos Wealth Advisors LLC Purchases 24,054 Shares of Capital Group Core Balanced ETF $CGBL

Stratos Wealth Advisors LLC raised its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 59.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,216 shares of the company’s stock after acquiring an additional 24,054 shares during the quarter. Stratos Wealth Advisors LLC owned approximately 0.06% of Capital Group Core Balanced ETF worth $2,230,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. NewEdge Advisors LLC increased its stake in Capital Group Core Balanced ETF by 70.1% during the first quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock valued at $1,052,000 after acquiring an additional 13,986 shares during the period. Jane Street Group LLC raised its position in shares of Capital Group Core Balanced ETF by 25.4% during the first quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock worth $8,714,000 after acquiring an additional 57,029 shares during the last quarter. MGO One Seven LLC increased its position in Capital Group Core Balanced ETF by 6.5% in the second quarter. MGO One Seven LLC now owns 31,293 shares of the company’s stock worth $1,046,000 after purchasing an additional 1,900 shares during the period. Axxcess Wealth Management LLC lifted its position in Capital Group Core Balanced ETF by 22.0% during the 2nd quarter. Axxcess Wealth Management LLC now owns 12,173 shares of the company’s stock valued at $407,000 after purchasing an additional 2,195 shares during the period. Finally, RFG Advisory LLC grew its position in shares of Capital Group Core Balanced ETF by 76.8% during the 2nd quarter. RFG Advisory LLC now owns 82,545 shares of the company’s stock worth $2,760,000 after buying an additional 35,853 shares during the period.

Capital Group Core Balanced ETF Stock Performance

Capital Group Core Balanced ETF stock opened at $36.43 on Thursday. The stock has a market capitalization of $4.92 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $36.62. The stock has a 50-day simple moving average of $35.85 and a 200 day simple moving average of $34.98.

Capital Group Core Balanced ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.2251 dividend. This is a positive change 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 annualized dividend and a yield of 2.5%.

About Capital Group Core Balanced ETF

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.