Clarity Wealth Advisors LLC Purchases 59,769 Shares of Capital Group Core Balanced ETF $CGBL

Clarity Wealth Advisors LLC lifted its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 429,417 shares of the company’s stock after purchasing an additional 59,769 shares during the quarter. Capital Group Core Balanced ETF accounts for about 2.7% of Clarity Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Clarity Wealth Advisors LLC’s holdings in Capital Group Core Balanced ETF were worth $15,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Sowell Financial Services LLC raised its position in Capital Group Core Balanced ETF by 9.9% in the 3rd quarter. Sowell Financial Services LLC now owns 9,615 shares of the company’s stock valued at $353,000 after buying an additional 869 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in Capital Group Core Balanced ETF by 22.4% in the 3rd quarter. Diversify Advisory Services LLC now owns 32,581 shares of the company’s stock valued at $1,208,000 after acquiring an additional 5,969 shares in the last quarter. Capital Management Associates Inc lifted its stake in Capital Group Core Balanced ETF by 5.8% in the 3rd quarter. Capital Management Associates Inc now owns 338,640 shares of the company’s stock valued at $12,445,000 after acquiring an additional 18,556 shares in the last quarter. AA Financial Advisors LLC boosted its position in Capital Group Core Balanced ETF by 2.4% during the 3rd quarter. AA Financial Advisors LLC now owns 140,930 shares of the company’s stock worth $5,179,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. boosted its position in Capital Group Core Balanced ETF by 29.1% during the 3rd quarter. Richards Merrill & Peterson Inc. now owns 19,054 shares of the company’s stock worth $700,000 after acquiring an additional 4,300 shares during the last quarter.

Capital Group Core Balanced ETF Stock Up 0.2%

Shares of CGBL opened at $37.00 on Thursday. The stock has a market capitalization of $7.84 billion, a P/E ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a twelve month low of $33.67 and a twelve month high of $38.68. The company has a 50 day moving average of $37.57 and a 200-day moving average of $37.35.

Capital Group Core Balanced ETF Increases Dividend

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

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.