Johnson Bixby & Associates LLC Purchases 46,163 Shares of Capital Group Core Balanced ETF $CGBL

Johnson Bixby & Associates LLC grew its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 22.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,138 shares of the company’s stock after acquiring an additional 46,163 shares during the period. Capital Group Core Balanced ETF comprises about 1.1% of Johnson Bixby & Associates LLC’s portfolio, making the stock its 17th largest holding. Johnson Bixby & Associates LLC’s holdings in Capital Group Core Balanced ETF were worth $8,789,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Advance Capital Management Inc. lifted its stake in Capital Group Core Balanced ETF by 242.6% in the 3rd quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock valued at $322,061,000 after purchasing an additional 6,568,560 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Capital Group Core Balanced ETF by 31.6% in the second quarter. Envestnet Asset Management Inc. now owns 4,140,219 shares of the company’s stock valued at $138,449,000 after buying an additional 993,022 shares during the period. CWM LLC lifted its position in shares of Capital Group Core Balanced ETF by 208.6% in the second quarter. CWM LLC now owns 2,207,565 shares of the company’s stock valued at $73,821,000 after buying an additional 1,492,252 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Capital Group Core Balanced ETF by 75.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after acquiring an additional 791,376 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Capital Group Core Balanced ETF by 3.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,796,522 shares of the company’s stock worth $60,543,000 after acquiring an additional 59,347 shares during the last quarter.

Capital Group Core Balanced ETF Trading Up 0.3%

CGBL opened at $35.82 on Friday. The stock’s fifty day simple moving average is $35.00 and its 200 day simple moving average is $34.32. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $35.83. The stock has a market cap of $3.89 billion, a PE ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 26th will be paid a dividend of $0.2251 per share. The ex-dividend date is Friday, December 26th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

Capital Group Core Balanced ETF 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.