PCG Wealth Advisors LLC Boosts Stock Position in Capital Group Core Balanced ETF $CGBL

PCG Wealth Advisors LLC raised its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 402,421 shares of the company’s stock after acquiring an additional 55,468 shares during the period. Capital Group Core Balanced ETF comprises about 3.4% of PCG Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. PCG Wealth Advisors LLC owned about 0.21% of Capital Group Core Balanced ETF worth $15,276,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. NewEdge Advisors LLC raised its position in shares of Capital Group Core Balanced ETF by 70.1% during the first quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock worth $1,052,000 after purchasing an additional 13,986 shares during the period. Jane Street Group LLC grew its position in shares of Capital Group Core Balanced ETF by 25.4% in the 1st quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock valued at $8,714,000 after purchasing an additional 57,029 shares during the period. Creative Planning bought a new stake in Capital Group Core Balanced ETF during the 2nd quarter worth approximately $218,000. JPMorgan Chase & Co. bought a new stake in Capital Group Core Balanced ETF during the 2nd quarter worth approximately $269,000. Finally, Diversify Wealth Management LLC raised its holdings in Capital Group Core Balanced ETF by 14.0% during the 2nd quarter. Diversify Wealth Management LLC now owns 11,911 shares of the company’s stock worth $405,000 after buying an additional 1,467 shares during the period.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL stock opened at $38.12 on Friday. Capital Group Core Balanced ETF has a 52 week low of $33.67 and a 52 week high of $38.68. The company’s 50 day moving average price is $37.83 and its two-hundred day moving average price is $36.92. The company has a market capitalization of $7.37 billion, a P/E ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

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

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.