First Heartland Consultants Inc. Has $3.39 Million Stake in Capital Group Core Balanced ETF $CGBL

First Heartland Consultants Inc. lifted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 72.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,680 shares of the company’s stock after acquiring an additional 41,109 shares during the period. First Heartland Consultants Inc. owned 0.09% of Capital Group Core Balanced ETF worth $3,391,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in shares of Capital Group Core Balanced ETF by 70.1% in the first quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock valued at $1,052,000 after purchasing an additional 13,986 shares during the period. Jane Street Group LLC grew its stake in Capital Group Core Balanced ETF by 25.4% in the 1st quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock valued at $8,714,000 after buying an additional 57,029 shares during the last quarter. Stephens Inc. AR bought a new position in Capital Group Core Balanced ETF in the 2nd quarter worth $391,000. Focus Partners Advisor Solutions LLC lifted its position in Capital Group Core Balanced ETF by 30.7% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 16,144 shares of the company’s stock worth $540,000 after acquiring an additional 3,795 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Capital Group Core Balanced ETF by 31.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,140,219 shares of the company’s stock worth $138,449,000 after acquiring an additional 993,022 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA:CGBL opened at $36.30 on Tuesday. The company has a market cap of $4.90 billion, a P/E ratio of 25.37 and a beta of 0.69. The stock’s 50-day moving average is $36.00 and its 200-day moving average is $35.14. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $36.63.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.2251 dividend. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.90 dividend on an annualized basis 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.