Summit Global Investments Increases Stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Summit Global Investments boosted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 47.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,932 shares of the company’s stock after purchasing an additional 3,188 shares during the quarter. Summit Global Investments owned about 0.07% of Capital Group Core Balanced ETF worth $311,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CGBL. Creative Financial Designs Inc. ADV acquired a new position in shares of Capital Group Core Balanced ETF in the 4th quarter valued at $41,000. Global Retirement Partners LLC raised its position in shares of Capital Group Core Balanced ETF by 420.8% in the 4th quarter. Global Retirement Partners LLC now owns 2,484 shares of the company’s stock worth $78,000 after buying an additional 2,007 shares during the period. Hobbs Group Advisors LLC boosted its holdings in Capital Group Core Balanced ETF by 257.4% in the third quarter. Hobbs Group Advisors LLC now owns 3,217 shares of the company’s stock valued at $100,000 after acquiring an additional 2,317 shares during the last quarter. Allworth Financial LP acquired a new position in Capital Group Core Balanced ETF in the fourth quarter valued at $105,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Capital Group Core Balanced ETF by 39.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,382 shares of the company’s stock valued at $106,000 after acquiring an additional 962 shares during the period.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $31.66 on Tuesday. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 25.90 and a beta of 0.76. Capital Group Core Balanced ETF has a 12 month low of $27.94 and a 12 month high of $32.65. The stock’s 50-day moving average is $31.86 and its 200-day moving average is $31.56.

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.