IFP Advisors Inc Increases Stock Holdings in Capital Group Core Balanced ETF $CGBL

IFP Advisors Inc grew its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,223 shares of the company’s stock after buying an additional 18,723 shares during the quarter. IFP Advisors Inc owned 0.23% of Capital Group Core Balanced ETF worth $11,207,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Allworth Financial LP increased its position in shares of Capital Group Core Balanced ETF by 6.7% in the third quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock valued at $173,000 after buying an additional 311 shares in the last quarter. Balboa Wealth Partners increased its position in shares of Capital Group Core Balanced ETF by 2.3% in the third quarter. Balboa Wealth Partners now owns 15,065 shares of the company’s stock valued at $523,000 after buying an additional 342 shares in the last quarter. Carson Advisory Inc. increased its position in shares of Capital Group Core Balanced ETF by 3.8% in the third quarter. Carson Advisory Inc. now owns 13,575 shares of the company’s stock valued at $471,000 after buying an additional 500 shares in the last quarter. Walkner Condon Financial Advisors LLC increased its position in shares of Capital Group Core Balanced ETF by 4.4% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 11,937 shares of the company’s stock valued at $422,000 after buying an additional 500 shares in the last quarter. Finally, Western Wealth Management LLC increased its position in Capital Group Core Balanced ETF by 1.5% during the 4th quarter. Western Wealth Management LLC now owns 34,685 shares of the company’s stock worth $1,225,000 after purchasing an additional 524 shares in the last quarter.

Capital Group Core Balanced ETF Trading Down 0.7%

Capital Group Core Balanced ETF stock opened at $36.62 on Wednesday. The stock has a market cap of $6.09 billion, a PE ratio of 25.37 and a beta of 0.69. The stock has a 50-day moving average price of $35.84 and a 200 day moving average price of $35.70. Capital Group Core Balanced ETF has a 52 week low of $31.52 and a 52 week high of $37.62.

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.