Kingsview Wealth Management LLC Buys 123,481 Shares of Capital Group Core Balanced ETF $CGBL

Kingsview Wealth Management LLC raised its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 444.4% in the third quarter, Holdings Channel reports. The institutional investor owned 151,268 shares of the company’s stock after buying an additional 123,481 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Capital Group Core Balanced ETF were worth $5,252,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of 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 in the last quarter. Jane Street Group LLC grew its position in Capital Group Core Balanced ETF by 25.4% during the 1st quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock valued at $8,714,000 after purchasing an additional 57,029 shares during the last quarter. Assetmark Inc. bought a new stake in Capital Group Core Balanced ETF during the 2nd quarter valued at about $758,000. Sigma Planning Corp increased its position in shares of Capital Group Core Balanced ETF by 35.0% during the second quarter. Sigma Planning Corp now owns 100,967 shares of the company’s stock valued at $3,376,000 after acquiring an additional 26,194 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of Capital Group Core Balanced ETF by 26.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 49,010 shares of the company’s stock worth $1,639,000 after purchasing an additional 10,332 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

CGBL opened at $35.96 on Wednesday. The company’s 50-day simple moving average is $36.13 and its two-hundred day simple moving average is $35.25. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $36.71. The stock has a market capitalization of $4.86 billion, a P/E ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given 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 of this dividend 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.