Capital Group Core Balanced ETF $CGBL Stock: Aprio Wealth Management LLC Reduces Stake

Aprio Wealth Management LLC cut its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 2.0% during the third quarter, HoldingsChannel.com reports. The fund owned 1,655,176 shares of the company’s stock after selling 33,179 shares during the quarter. Capital Group Core Balanced ETF makes up approximately 2.8% of Aprio Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Aprio Wealth Management LLC’s holdings in Capital Group Core Balanced ETF were worth $60,828,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Simplicity Wealth LLC boosted its holdings in shares of Capital Group Core Balanced ETF by 4.4% in the first quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock valued at $300,000 after purchasing an additional 367 shares during the period. Harmony Asset Management LLC grew its stake in Capital Group Core Balanced ETF by 7.0% in the first quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock worth $218,000 after purchasing an additional 414 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Capital Group Core Balanced ETF by 4.6% during the 1st quarter. Sanctuary Advisors LLC now owns 9,556 shares of the company’s stock worth $329,000 after purchasing an additional 416 shares during the period. Summit Global Investments increased its holdings in Capital Group Core Balanced ETF by 2.7% during the 1st quarter. Summit Global Investments now owns 16,149 shares of the company’s stock worth $556,000 after purchasing an additional 426 shares during the period. Finally, Verus Capital Partners LLC raised its position in Capital Group Core Balanced ETF by 8.0% during 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 in the last quarter.

Capital Group Core Balanced ETF Stock Down 1.1%

Shares of NYSEARCA CGBL opened at $36.69 on Friday. Capital Group Core Balanced ETF has a twelve month low of $33.67 and a twelve month high of $38.68. The firm has a market cap of $7.81 billion, a PE ratio of 25.37 and a beta of 0.70. The business has a fifty day simple moving average of $37.38 and a two-hundred day simple moving average of $36.89.

Capital Group Core Balanced ETF Increases Dividend

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

Capital Group Core Balanced ETF 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.