NewEdge Advisors LLC Has $13.39 Million Stock Position in Capital Group Core Balanced ETF $CGBL

NewEdge Advisors LLC boosted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 18.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 389,002 shares of the company’s stock after acquiring an additional 59,864 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group Core Balanced ETF were worth $13,386,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CGBL. Security Financial Services INC. increased its holdings in shares of Capital Group Core Balanced ETF by 17.4% during the first quarter. Security Financial Services INC. now owns 57,539 shares of the company’s stock valued at $1,980,000 after acquiring an additional 8,519 shares in the last quarter. WNY Asset Management LLC bought a new position in shares of Capital Group Core Balanced ETF in the 1st quarter worth $3,214,000. Verus Capital Partners LLC grew its position in Capital Group Core Balanced ETF by 8.0% in the 1st quarter. Verus Capital Partners LLC now owns 7,489 shares of the company’s stock valued at $258,000 after purchasing an additional 554 shares during the period. J. Derek Lewis & Associates Inc. grew its position in Capital Group Core Balanced ETF by 7.9% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 1,236,940 shares of the company’s stock valued at $42,618,000 after purchasing an additional 90,606 shares during the period. Finally, January Capital Advisors LLC bought a new stake in Capital Group Core Balanced ETF during the 1st quarter valued at $224,000.

Capital Group Core Balanced ETF Trading Up 0.6%

CGBL opened at $38.39 on Friday. The company’s fifty day moving average price is $37.59 and its two-hundred day moving average price is $36.64. Capital Group Core Balanced ETF has a 1-year low of $33.56 and a 1-year high of $38.42. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

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.