Capital Group Core Balanced ETF $CGBL Shares Bought by KWB Wealth

KWB Wealth lifted its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 38.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 925,891 shares of the company’s stock after acquiring an additional 254,970 shares during the period. Capital Group Core Balanced ETF accounts for 3.0% of KWB Wealth’s portfolio, making the stock its 5th biggest holding. KWB Wealth’s holdings in Capital Group Core Balanced ETF were worth $35,147,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Wells Fargo & Company MN lifted its position in Capital Group Core Balanced ETF by 191.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after purchasing an additional 3,033,933 shares during the last quarter. LPL Financial LLC raised its stake in Capital Group Core Balanced ETF by 27.7% during the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock valued at $444,300,000 after acquiring an additional 2,726,819 shares in the last quarter. Advance Capital Management Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 27.6% during the first quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after purchasing an additional 2,588,189 shares during the period. Aprio Wealth Management LLC bought a new stake in shares of Capital Group Core Balanced ETF during the fourth quarter valued at about $63,960,000. Finally, J. Derek Lewis & Associates Inc. acquired a new stake in Capital Group Core Balanced ETF in the fourth quarter worth about $40,500,000.

Capital Group Core Balanced ETF Stock Down 0.2%

CGBL stock opened at $38.31 on Tuesday. The company has a 50-day simple moving average of $37.60 and a 200 day simple moving average of $36.66. The company has a market capitalization of $7.41 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a fifty-two week low of $33.56 and a fifty-two week high of $38.42.

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.