LongView Wealth Management Boosts Stock Position in Capital Group Core Balanced ETF $CGBL

LongView Wealth Management increased its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 27.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 245,039 shares of the company’s stock after acquiring an additional 52,783 shares during the quarter. Capital Group Core Balanced ETF accounts for 2.1% of LongView Wealth Management’s portfolio, making the stock its 10th biggest position. LongView Wealth Management’s holdings in Capital Group Core Balanced ETF were worth $8,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advance Capital Management Inc. lifted its stake in 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 valued at $322,061,000 after acquiring an additional 6,568,560 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in 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 worth $189,156,000 after acquiring an additional 1,307,832 shares during the last quarter. Raymond James Financial Inc. grew 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 acquiring an additional 791,376 shares in the last quarter. B. Riley Wealth Advisors Inc. bought 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 shares of Capital Group Core Balanced ETF by 56.8% in the third quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock valued at $35,198,000 after purchasing an additional 365,941 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock opened at $34.15 on Friday. The firm has a 50-day moving average of $35.89 and a 200-day moving average of $35.36. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $36.71. The company has a market cap of $4.61 billion, a P/E ratio of 25.37 and a beta of 0.69.

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.