Stephens Inc. AR Raises Position in Capital Group Core Balanced ETF $CGBL

Stephens Inc. AR raised its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 86.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,090 shares of the company’s stock after purchasing an additional 29,760 shares during the quarter. Stephens Inc. AR’s holdings in Capital Group Core Balanced ETF were worth $2,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CGBL. Aprio Wealth Management LLC purchased a new stake in shares of Capital Group Core Balanced ETF in the fourth quarter worth approximately $63,960,000. Envestnet Asset Management Inc. raised its stake in shares of Capital Group Core Balanced ETF by 31.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock worth $189,156,000 after purchasing an additional 1,307,832 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Capital Group Core Balanced ETF by 75.6% in the second quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after purchasing an additional 791,376 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Capital Group Core Balanced ETF by 56.8% in the third quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock worth $35,198,000 after purchasing an additional 365,941 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Capital Group Core Balanced ETF by 72.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 843,949 shares of the company’s stock worth $29,817,000 after purchasing an additional 354,864 shares during the last quarter.

Capital Group Core Balanced ETF Stock Down 0.2%

Shares of Capital Group Core Balanced ETF stock opened at $36.86 on Tuesday. The company has a market cap of $6.13 billion, a PE ratio of 25.37 and a beta of 0.69. The business has a 50 day moving average price of $35.82 and a 200-day moving average price of $35.69. Capital Group Core Balanced ETF has a 52 week low of $31.52 and a 52 week high of $37.62.

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. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.