Capital Group Core Balanced ETF $CGBL Shares Bought by Smith Moore & CO.

Smith Moore & CO. raised its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 60.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 245,481 shares of the company’s stock after acquiring an additional 92,313 shares during the period. Capital Group Core Balanced ETF makes up 0.7% of Smith Moore & CO.’s investment portfolio, making the stock its 29th largest holding. Smith Moore & CO.’s holdings in Capital Group Core Balanced ETF were worth $8,523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. NWF Advisory Services Inc. grew its position in Capital Group Core Balanced ETF by 1.7% during the second quarter. NWF Advisory Services Inc. now owns 18,124 shares of the company’s stock worth $606,000 after buying an additional 309 shares during the period. Vermillion & White Wealth Management Group LLC lifted its position in shares of Capital Group Core Balanced ETF by 4.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 8,120 shares of the company’s stock valued at $272,000 after acquiring an additional 319 shares during the period. Balboa Wealth Partners boosted its stake in shares of Capital Group Core Balanced ETF by 2.3% during the 3rd quarter. Balboa Wealth Partners now owns 15,065 shares of the company’s stock worth $523,000 after acquiring an additional 342 shares in the last quarter. Allworth Financial LP grew 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 worth $156,000 after acquiring an additional 390 shares during the period. Finally, Carson Advisory Inc. grew its holdings in shares of Capital Group Core Balanced ETF by 3.8% in the 3rd quarter. Carson Advisory Inc. now owns 13,575 shares of the company’s stock worth $471,000 after acquiring an additional 500 shares during the period.

Capital Group Core Balanced ETF Stock Performance

Capital Group Core Balanced ETF stock opened at $35.93 on Friday. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $36.71. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The stock’s fifty day moving average is $36.14 and its two-hundred day moving average is $35.26.

Capital Group Core Balanced ETF Increases Dividend

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

Capital Group Core Balanced ETF Company 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.