Worth Asset Management LLC Boosts Holdings in Capital Group Core Balanced ETF $CGBL

Worth Asset Management LLC lifted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,069 shares of the company’s stock after acquiring an additional 24,150 shares during the quarter. Capital Group Core Balanced ETF accounts for about 3.0% of Worth Asset Management LLC’s investment portfolio, making the stock its 4th largest holding. Worth Asset Management LLC owned 0.16% of Capital Group Core Balanced ETF worth $6,962,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. CoreCap Advisors LLC boosted its holdings in Capital Group Core Balanced ETF by 14,657.1% in the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock worth $36,000 after purchasing an additional 1,026 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Capital Group Core Balanced ETF by 204.6% during the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after buying an additional 1,105 shares during the period. Allworth Financial LP lifted its holdings in shares of Capital Group Core Balanced ETF by 6.7% during the 3rd quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock valued at $173,000 after buying an additional 311 shares during the period. M.E. Allison & CO. Inc. purchased a new position in shares of Capital Group Core Balanced ETF in the 3rd quarter worth $207,000. Finally, Orion Porfolio Solutions LLC purchased a new position in shares of Capital Group Core Balanced ETF in the 2nd quarter worth $214,000.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL opened at $33.82 on Friday. The firm has a market capitalization of $4.57 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $36.71. The business has a fifty day moving average of $35.84 and a 200 day moving average of $35.36.

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.