Capital Group Core Balanced ETF $CGBL Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 442.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,948 shares of the company’s stock after buying an additional 100,280 shares during the quarter. Assetmark Inc. owned approximately 0.11% of Capital Group Core Balanced ETF worth $4,269,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CGBL. Advance Capital Management Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 242.6% during the 3rd quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock worth $322,061,000 after buying an additional 6,568,560 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Core Balanced ETF by 31.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock worth $189,156,000 after purchasing an additional 1,307,832 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Capital Group Core Balanced ETF by 13.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,061,754 shares of the company’s stock valued at $71,584,000 after purchasing an additional 242,948 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Capital Group Core Balanced ETF by 7.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,937,897 shares of the company’s stock valued at $67,574,000 after buying an additional 141,375 shares during the period. Finally, Raymond James Financial Inc. lifted its position in Capital Group Core Balanced ETF by 75.6% during the second quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock valued at $61,488,000 after buying an additional 791,376 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 0.1%

CGBL opened at $36.26 on Wednesday. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $36.63. The company has a 50 day moving average of $35.93 and a two-hundred day moving average of $35.06. The company has a market cap of $4.90 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 Monday, December 29th. Shareholders of record on Friday, December 26th were given a $0.2251 dividend. This represents a $0.90 annualized dividend and a yield of 2.5%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 26th.

Capital Group Core Balanced ETF Company 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.