Western Wealth Management LLC Buys Shares of 34,161 Capital Group Core Balanced ETF $CGBL

Western Wealth Management LLC purchased a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 34,161 shares of the company’s stock, valued at approximately $1,186,000.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP grew its position in Capital Group Core Balanced ETF by 9.1% in the second quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after acquiring an additional 390 shares during the period. Financial Perspectives Inc increased its position in shares of Capital Group Core Balanced ETF by 225.9% during the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock worth $195,000 after purchasing an additional 4,035 shares during the last quarter. Savvy Advisors Inc. acquired a new position in Capital Group Core Balanced ETF in the second quarter valued at about $203,000. M.E. Allison & CO. Inc. purchased a new position in Capital Group Core Balanced ETF during the third quarter worth about $207,000. Finally, Onyx Bridge Wealth Group LLC purchased a new position in Capital Group Core Balanced ETF during the second quarter worth about $210,000.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL opened at $36.38 on Wednesday. The firm has a 50-day simple moving average of $35.83 and a two-hundred day simple moving average of $34.97. The stock has a market cap of $4.91 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $36.59.

Capital Group Core Balanced ETF Increases Dividend

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

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.