D.A. Davidson & CO. Boosts Holdings in Capital Group Core Balanced ETF $CGBL

D.A. Davidson & CO. lifted its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 19.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 352,726 shares of the company’s stock after acquiring an additional 57,423 shares during the quarter. D.A. Davidson & CO.’s holdings in Capital Group Core Balanced ETF were worth $12,137,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in shares of Capital Group Core Balanced ETF by 244.5% during the 1st quarter. Bank of New York Mellon Corp now owns 44,432 shares of the company’s stock valued at $1,529,000 after purchasing an additional 31,534 shares during the last quarter. Harmony Asset Management LLC raised its position in Capital Group Core Balanced ETF by 7.0% in the 1st quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock worth $218,000 after purchasing an additional 414 shares during the period. Geneos Wealth Management Inc. lifted its stake in Capital Group Core Balanced ETF by 3.8% in the first quarter. Geneos Wealth Management Inc. now owns 280,360 shares of the company’s stock worth $9,647,000 after purchasing an additional 10,288 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Capital Group Core Balanced ETF by 4.6% in the first quarter. Sanctuary Advisors LLC now owns 9,556 shares of the company’s stock worth $329,000 after purchasing an additional 416 shares during the last quarter. Finally, Sigma Planning Corp boosted its position in Capital Group Core Balanced ETF by 14.1% during the first quarter. Sigma Planning Corp now owns 141,565 shares of the company’s stock valued at $4,871,000 after buying an additional 17,508 shares during the period.

Capital Group Core Balanced ETF Stock Down 0.5%

NYSEARCA CGBL opened at $37.40 on Friday. The company has a 50-day simple moving average of $37.52 and a two-hundred day simple moving average of $36.46. Capital Group Core Balanced ETF has a 12-month low of $33.25 and a 12-month high of $38.20. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 25.37 and a beta of 0.68.

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.