Wealth Enhancement Advisory Services LLC Acquires 91,205 Shares of Capital Group Core Balanced ETF $CGBL

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,029,102 shares of the company’s stock after purchasing an additional 91,205 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 1.63% of Capital Group Core Balanced ETF worth $73,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advance Capital Management Inc. boosted its stake in Capital Group Core Balanced ETF by 242.6% in the 3rd quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock worth $322,061,000 after purchasing an additional 6,568,560 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Capital Group Core Balanced ETF by 31.6% during the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after buying an additional 1,307,832 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Capital Group Core Balanced ETF by 75.6% during the second quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock valued at $61,488,000 after buying an additional 791,376 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Capital Group Core Balanced ETF in the second quarter worth $12,843,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Capital Group Core Balanced ETF by 56.8% in the third quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock worth $35,198,000 after buying an additional 365,941 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA:CGBL opened at $34.23 on Monday. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The firm has a fifty day moving average price of $36.03 and a 200 day moving average price of $35.37. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $36.71.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a dividend of $0.2251 per share. 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 annualized dividend and a dividend yield of 2.6%.

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.