Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Update

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 32,501 shares, a drop of 88.5% from the February 12th total of 282,604 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,770,513 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 1,770,513 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Capital Group Core Balanced ETF

A number of large investors have recently made changes to their positions in the stock. Advance Capital Management Inc. lifted 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 worth $322,061,000 after buying an additional 6,568,560 shares during the period. Wells Fargo & Company MN raised its position in shares of Capital Group Core Balanced ETF by 191.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock worth $163,300,000 after acquiring an additional 3,033,933 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Capital Group Core Balanced ETF by 27.7% during the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares during the last quarter. Aprio Wealth Management LLC purchased a new stake in shares of Capital Group Core Balanced ETF during the 4th quarter worth $63,960,000. Finally, Envestnet Asset Management Inc. boosted its position in Capital Group Core Balanced ETF by 31.6% during the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after purchasing an additional 1,307,832 shares in the last quarter.

Capital Group Core Balanced ETF Trading Down 0.3%

Shares of CGBL stock traded down $0.11 on Tuesday, reaching $35.80. The company’s stock had a trading volume of 1,096,875 shares, compared to its average volume of 1,357,297. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The stock’s fifty day simple moving average is $36.15 and its 200-day simple moving average is $35.32. Capital Group Core Balanced ETF has a 1 year low of $28.22 and a 1 year high of $36.71.

Capital Group Core Balanced ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a dividend of $0.2251 per share. This represents a $0.90 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

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.