Capital Group Core Balanced ETF $CGBL Stock: Clarity Wealth Advisors LLC Increases Stake

Clarity Wealth Advisors LLC grew its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 429,417 shares of the company’s stock after acquiring an additional 59,769 shares during the quarter. Capital Group Core Balanced ETF accounts for about 2.7% of Clarity Wealth Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Clarity Wealth Advisors LLC owned about 0.20% of Capital Group Core Balanced ETF worth $15,781,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CGBL. CWS Financial Advisors LLC increased its stake in Capital Group Core Balanced ETF by 12.8% during the 1st quarter. CWS Financial Advisors LLC now owns 120,953 shares of the company’s stock worth $4,162,000 after purchasing an additional 13,704 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in Capital Group Core Balanced ETF by 8.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 623,389 shares of the company’s stock worth $23,664,000 after buying an additional 50,481 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Capital Group Core Balanced ETF by 24.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 172,718 shares of the company’s stock valued at $6,556,000 after buying an additional 33,502 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in Capital Group Core Balanced ETF by 17.0% in the first quarter. Koshinski Asset Management Inc. now owns 136,129 shares of the company’s stock valued at $4,684,000 after buying an additional 19,819 shares in the last quarter. Finally, Worth Asset Management LLC lifted its stake in Capital Group Core Balanced ETF by 6.7% in the second quarter. Worth Asset Management LLC now owns 209,524 shares of the company’s stock valued at $7,954,000 after buying an additional 13,200 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 0.2%

Capital Group Core Balanced ETF stock opened at $37.00 on Thursday. The stock has a market capitalization of $7.84 billion, a PE ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a twelve month low of $33.67 and a twelve month high of $38.68. The company has a 50 day moving average of $37.57 and a 200-day moving average of $37.35.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a dividend of $0.2056 per share. The ex-dividend date was Wednesday, September 30th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.2%.

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.