McNamara Financial Services Inc. Sells 12,523 Shares of Capital Group Core Balanced ETF $CGBL

McNamara Financial Services Inc. lowered its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 54.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,271 shares of the company’s stock after selling 12,523 shares during the period. McNamara Financial Services Inc.’s holdings in Capital Group Core Balanced ETF were worth $343,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in CGBL. Quantum Financial Planning Services Inc. boosted its position in Capital Group Core Balanced ETF by 2,113.8% during the second quarter. Quantum Financial Planning Services Inc. now owns 237,715 shares of the company’s stock worth $7,949,000 after purchasing an additional 226,977 shares during the period. CWM LLC boosted its position in Capital Group Core Balanced ETF by 208.6% during the second quarter. CWM LLC now owns 2,207,565 shares of the company’s stock worth $73,821,000 after purchasing an additional 1,492,252 shares during the period. Concurrent Investment Advisors LLC boosted its position in Capital Group Core Balanced ETF by 78.6% during the second quarter. Concurrent Investment Advisors LLC now owns 355,793 shares of the company’s stock worth $11,898,000 after purchasing an additional 156,545 shares during the period. Apollon Wealth Management LLC bought a new position in Capital Group Core Balanced ETF during the second quarter worth about $1,926,000. Finally, Endeavor Private Wealth Inc. boosted its position in Capital Group Core Balanced ETF by 24.8% during the second quarter. Endeavor Private Wealth Inc. now owns 183,381 shares of the company’s stock worth $6,162,000 after purchasing an additional 36,476 shares during the period.

Capital Group Core Balanced ETF Stock Down 1.4%

Shares of NYSEARCA:CGBL opened at $34.29 on Monday. The firm has a market capitalization of $3.53 billion, a PE ratio of 25.37 and a beta of 0.76. Capital Group Core Balanced ETF has a twelve month low of $28.22 and a twelve month high of $35.08. The company has a 50-day moving average price of $34.37 and a two-hundred day moving average price of $32.85.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders 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. This represents a $0.74 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, September 30th.

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.