Stewardship Concepts Financial Services LLC Invests $1.69 Million in Capital Group Core Balanced ETF $CGBL

Stewardship Concepts Financial Services LLC purchased a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 47,895 shares of the company’s stock, valued at approximately $1,694,000. Capital Group Core Balanced ETF comprises 1.4% of Stewardship Concepts Financial Services LLC’s portfolio, making the stock its 21st biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Advance Capital Management Inc. boosted its holdings in Capital Group Core Balanced ETF by 242.6% in the third 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 holdings 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 worth $189,156,000 after purchasing an additional 1,307,832 shares during the period. Raymond James Financial Inc. raised its holdings 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 worth $61,488,000 after purchasing an additional 791,376 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Capital Group Core Balanced ETF in the 2nd quarter worth about $12,843,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Capital Group Core Balanced ETF by 56.8% in the 3rd 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 during the last quarter.

Capital Group Core Balanced ETF Stock Performance

NYSEARCA CGBL opened at $34.60 on Friday. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $36.71. The company has a 50-day simple moving average of $35.66 and a 200-day simple moving average of $35.35. The firm has a market capitalization of $5.35 billion, a PE ratio of 25.37 and a beta of 0.69.

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.