Independent Financial Group LLC Acquires New Holdings in Capital Group Core Balanced ETF $CGBL

Independent Financial Group LLC bought a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the first quarter, Holdings Channel.com reports. The institutional investor bought 40,009 shares of the company’s stock, valued at approximately $1,377,000.

Other hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. increased its holdings in Capital Group Core Balanced ETF by 22.7% in the 4th quarter. Westside Investment Management Inc. now owns 146,270 shares of the company’s stock valued at $5,168,000 after purchasing an additional 27,075 shares during the last quarter. Valmark Advisers Inc. lifted its stake in Capital Group Core Balanced ETF by 28.7% during the fourth quarter. Valmark Advisers Inc. now owns 118,550 shares of the company’s stock worth $4,188,000 after purchasing an additional 26,424 shares in the last quarter. CWM LLC boosted its position in shares of Capital Group Core Balanced ETF by 5.7% during the fourth quarter. CWM LLC now owns 2,168,040 shares of the company’s stock worth $76,597,000 after buying an additional 117,287 shares during the period. World Investment Advisors boosted its position in shares of Capital Group Core Balanced ETF by 57.9% during the fourth quarter. World Investment Advisors now owns 273,910 shares of the company’s stock worth $9,677,000 after buying an additional 100,405 shares during the period. Finally, Clarity Wealth Advisors LLC grew its stake in shares of Capital Group Core Balanced ETF by 39.0% in the fourth quarter. Clarity Wealth Advisors LLC now owns 206,693 shares of the company’s stock valued at $7,302,000 after buying an additional 58,004 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

CGBL stock opened at $37.20 on Monday. The business’s fifty day moving average price is $37.52 and its 200 day moving average price is $36.48. Capital Group Core Balanced ETF has a 12-month low of $33.25 and a 12-month high of $38.20. The company has a market capitalization of $6.99 billion, a PE 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.