Prospera Financial Services Inc Grows Stock Position in Capital Group Core Balanced ETF $CGBL

Prospera Financial Services Inc lifted its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 22.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,938 shares of the company’s stock after purchasing an additional 19,354 shares during the period. Prospera Financial Services Inc owned about 0.10% of Capital Group Core Balanced ETF worth $3,713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advance Capital Management Inc. increased its holdings in Capital Group Core Balanced ETF by 242.6% during the third quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock valued at $322,061,000 after buying an additional 6,568,560 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Capital Group Core Balanced ETF by 31.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after acquiring an additional 1,307,832 shares during the period. Raymond James Financial Inc. increased its stake in shares of Capital Group Core Balanced ETF by 75.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after purchasing an additional 791,376 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Capital Group Core Balanced ETF in the 2nd quarter worth $12,843,000. Finally, Jones Financial Companies Lllp raised its holdings in Capital Group Core Balanced ETF by 56.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock worth $35,198,000 after purchasing an additional 365,941 shares during the period.

Capital Group Core Balanced ETF Stock Performance

NYSEARCA CGBL opened at $36.43 on Thursday. The business’s fifty day moving average is $35.85 and its 200 day moving average is $34.98. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $36.62. The company has a market capitalization of $4.92 billion, a PE 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 Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.2251 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, December 26th. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

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.