Cullen Frost Bankers Inc. Buys 45,442 Shares of Capital Group Core Balanced ETF $CGBL

Cullen Frost Bankers Inc. raised its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 41.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 155,280 shares of the company’s stock after purchasing an additional 45,442 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Capital Group Core Balanced ETF were worth $5,193,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Smith Thornton Advisors LLC raised its position in Capital Group Core Balanced ETF by 50.4% in the 2nd quarter. Smith Thornton Advisors LLC now owns 20,073 shares of the company’s stock valued at $671,000 after purchasing an additional 6,731 shares during the last quarter. Divergent Planning LLC bought a new position in Capital Group Core Balanced ETF in the 2nd quarter valued at $2,233,000. Financial Perspectives Inc raised its position in Capital Group Core Balanced ETF by 225.9% in the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock valued at $195,000 after purchasing an additional 4,035 shares during the last quarter. Stephens Inc. AR bought a new position in Capital Group Core Balanced ETF in the 2nd quarter valued at $391,000. Finally, Balboa Wealth Partners bought a new position in Capital Group Core Balanced ETF in the 2nd quarter valued at $492,000.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL opened at $34.84 on Thursday. The stock has a fifty day moving average price of $34.55 and a two-hundred day moving average price of $33.05. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $35.13. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 25.37 and a beta of 0.76.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.1857 per share. The ex-dividend date was Tuesday, September 30th. This is an increase 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 dividend yield of 2.1%.

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.