Kingsview Wealth Management LLC Buys 123,481 Shares of Capital Group Core Balanced ETF $CGBL

Kingsview Wealth Management LLC boosted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 444.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,268 shares of the company’s stock after buying an additional 123,481 shares during the period. Kingsview Wealth Management LLC owned 0.14% of Capital Group Core Balanced ETF worth $5,252,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. US Bancorp DE lifted its stake in shares of Capital Group Core Balanced ETF by 204.6% in the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after purchasing an additional 1,105 shares during the period. Allworth Financial LP grew its stake 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 purchasing an additional 390 shares during the period. M.E. Allison & CO. Inc. bought a new position in Capital Group Core Balanced ETF in the third quarter worth $207,000. Orion Porfolio Solutions LLC purchased a new position in Capital Group Core Balanced ETF during the second quarter valued at $214,000. Finally, Creative Planning purchased a new position in Capital Group Core Balanced ETF during the second quarter valued at $218,000.

Capital Group Core Balanced ETF Price Performance

NYSEARCA:CGBL opened at $35.96 on Wednesday. The firm’s 50-day moving average price is $36.13 and its 200-day moving average price is $35.25. The company has a market capitalization of $4.86 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 $36.71.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.2251 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.5%. 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.

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.