Capital Group Core Balanced ETF $CGBL Shares Sold by Transcendent Capital Group LLC

Transcendent Capital Group LLC lowered its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 11.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,592 shares of the company’s stock after selling 1,063 shares during the quarter. Transcendent Capital Group LLC’s holdings in Capital Group Core Balanced ETF were worth $287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CGBL. Opal Wealth Advisors LLC increased its stake in shares of Capital Group Core Balanced ETF by 106.9% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $46,000 after acquiring an additional 709 shares during the last quarter. Financial Perspectives Inc acquired a new position in shares of Capital Group Core Balanced ETF during the 1st quarter valued at about $55,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Capital Group Core Balanced ETF during the 1st quarter valued at about $75,000. Allworth Financial LP increased its stake in shares of Capital Group Core Balanced ETF by 30.5% during the 1st quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock valued at $131,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Sovran Advisors LLC acquired a new position in shares of Capital Group Core Balanced ETF during the 1st quarter valued at about $201,000.

Capital Group Core Balanced ETF Price Performance

NYSEARCA CGBL opened at $34.29 on Friday. Capital Group Core Balanced ETF has a 12 month low of $28.22 and a 12 month high of $35.08. The company has a 50-day moving average of $34.37 and a 200-day moving average of $32.84. The company has a market cap of $3.53 billion, a P/E ratio of 25.37 and a beta of 0.76.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were given a dividend of $0.1857 per share. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.74 dividend on an annualized basis and a yield of 2.2%.

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.