Hopwood Nicholas Hunter Takes $10.96 Million Position in Capital Group Core Balanced ETF $CGBL

Hopwood Nicholas Hunter bought a new position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 288,664 shares of the company’s stock, valued at approximately $10,958,000. Capital Group Core Balanced ETF comprises about 3.0% of Hopwood Nicholas Hunter’s portfolio, making the stock its 8th biggest position. Hopwood Nicholas Hunter owned approximately 0.15% of Capital Group Core Balanced ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Anchor Investment Management LLC acquired a new position in Capital Group Core Balanced ETF in the 1st quarter worth approximately $43,000. US Bancorp DE raised its stake in Capital Group Core Balanced ETF by 204.6% during the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after purchasing an additional 1,105 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Capital Group Core Balanced ETF by 77.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after purchasing an additional 1,006 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of Capital Group Core Balanced ETF in the fourth quarter valued at $84,000. Finally, Cascades Capital Asset Management LLC acquired a new stake in shares of Capital Group Core Balanced ETF in the fourth quarter worth $102,000.

Capital Group Core Balanced ETF Trading Down 0.1%

Shares of CGBL stock opened at $38.12 on Friday. Capital Group Core Balanced ETF has a 1-year low of $33.67 and a 1-year high of $38.68. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The stock’s fifty day simple moving average is $37.83 and its 200-day simple moving average is $36.92.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.1634 per share. This represents a $0.65 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, June 30th. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13.

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.