World Investment Advisors Has $13.14 Million Stake in Capital Group Core Balanced ETF $CGBL

World Investment Advisors lifted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 39.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 381,863 shares of the company’s stock after purchasing an additional 107,953 shares during the period. World Investment Advisors’ holdings in Capital Group Core Balanced ETF were worth $13,140,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in Capital Group Core Balanced ETF by 70.1% in the 1st quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock valued at $1,052,000 after buying an additional 13,986 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Capital Group Core Balanced ETF by 25.4% during the first quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock valued at $8,714,000 after acquiring an additional 57,029 shares during the period. Creative Planning bought a new position in Capital Group Core Balanced ETF in the second quarter valued at about $218,000. JPMorgan Chase & Co. bought a new position in Capital Group Core Balanced ETF in the second quarter valued at about $269,000. Finally, Diversify Wealth Management LLC increased its position in Capital Group Core Balanced ETF by 14.0% in the second quarter. Diversify Wealth Management LLC now owns 11,911 shares of the company’s stock worth $405,000 after purchasing an additional 1,467 shares during the period.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA:CGBL opened at $37.74 on Friday. Capital Group Core Balanced ETF has a 1-year low of $33.25 and a 1-year high of $38.20. The stock has a market capitalization of $7.07 billion, a P/E ratio of 25.37 and a beta of 0.68. The business has a 50-day moving average price of $37.37 and a two-hundred day moving average price of $36.32.

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.