Quantum Financial Partners LLC Sells 38,913 Shares of Capital Group Core Balanced ETF $CGBL

Quantum Financial Partners LLC reduced its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 14.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,039 shares of the company’s stock after selling 38,913 shares during the period. Capital Group Core Balanced ETF accounts for about 4.2% of Quantum Financial Partners LLC’s investment portfolio, making the stock its 3rd largest position. Quantum Financial Partners LLC’s holdings in Capital Group Core Balanced ETF were worth $8,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Smith Thornton Advisors LLC increased its position in Capital Group Core Balanced ETF by 16.7% during the third quarter. Smith Thornton Advisors LLC now owns 56,957 shares of the company’s stock worth $2,093,000 after purchasing an additional 8,161 shares during the last quarter. IFP Advisors Inc raised its stake in Capital Group Core Balanced ETF by 9.8% during the third quarter. IFP Advisors Inc now owns 381,081 shares of the company’s stock worth $14,005,000 after purchasing an additional 34,066 shares during the period. CWS Financial Advisors LLC raised its stake in Capital Group Core Balanced ETF by 4.0% during the third quarter. CWS Financial Advisors LLC now owns 142,689 shares of the company’s stock worth $5,244,000 after purchasing an additional 5,539 shares during the period. Guardian Asset Advisors LLC raised its stake in Capital Group Core Balanced ETF by 12.7% during the third quarter. Guardian Asset Advisors LLC now owns 8,230 shares of the company’s stock worth $302,000 after purchasing an additional 930 shares during the period. Finally, Sweeney & Michel LLC boosted its holdings in shares of Capital Group Core Balanced ETF by 39.8% in the 3rd quarter. Sweeney & Michel LLC now owns 14,969 shares of the company’s stock valued at $553,000 after purchasing an additional 4,263 shares during the last quarter.

Capital Group Core Balanced ETF Trading Up 0.1%

Shares of CGBL traded up $0.03 during mid-day trading on Monday, reaching $36.88. The company had a trading volume of 492,292 shares, compared to its average volume of 1,496,890. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70. The firm has a fifty day simple moving average of $37.66 and a 200-day simple moving average of $37.30. Capital Group Core Balanced ETF has a fifty-two week low of $33.67 and a fifty-two week high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.2056 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, September 30th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634.

Capital Group Core Balanced ETF 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.