Independent Financial Group LLC Buys Shares of 40,009 Capital Group Core Balanced ETF $CGBL

Independent Financial Group LLC bought a new position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 40,009 shares of the company’s stock, valued at approximately $1,377,000.

Several other institutional investors have also modified their holdings of CGBL. NewEdge Advisors LLC grew its holdings in shares of Capital Group Core Balanced ETF by 70.1% in the first quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock valued at $1,052,000 after purchasing an additional 13,986 shares during the period. Jane Street Group LLC raised its stake in 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 worth $8,714,000 after purchasing an additional 57,029 shares during the period. Creative Planning purchased a new position in Capital Group Core Balanced ETF during the second quarter worth about $218,000. JPMorgan Chase & Co. acquired a new position in Capital Group Core Balanced ETF in the 2nd quarter valued at about $269,000. Finally, Diversify Wealth Management LLC boosted its holdings in Capital Group Core Balanced ETF by 14.0% in the 2nd quarter. Diversify Wealth Management LLC now owns 11,911 shares of the company’s stock valued at $405,000 after purchasing an additional 1,467 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $37.20 on Monday. The firm has a 50 day simple moving average of $37.52 and a 200-day simple moving average of $36.48. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a 1-year low of $33.25 and a 1-year high of $38.20.

About Capital Group Core Balanced ETF

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.