Capital Group Core Balanced ETF $CGBL Shares Acquired by Smith Moore & CO.

Smith Moore & CO. raised its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 60.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 245,481 shares of the company’s stock after buying an additional 92,313 shares during the period. Capital Group Core Balanced ETF comprises about 0.7% of Smith Moore & CO.’s portfolio, making the stock its 29th largest holding. Smith Moore & CO. owned approximately 0.23% of Capital Group Core Balanced ETF worth $8,523,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC grew its position 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 in the last quarter. Jane Street Group LLC grew its holdings in shares of Capital Group Core Balanced ETF by 25.4% in the first quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock valued at $8,714,000 after purchasing an additional 57,029 shares during the period. Assetmark Inc. acquired a new stake in Capital Group Core Balanced ETF during the second quarter worth about $758,000. Mascagni Wealth Management Inc. raised its stake in Capital Group Core Balanced ETF by 19.8% during the second quarter. Mascagni Wealth Management Inc. now owns 67,080 shares of the company’s stock worth $2,243,000 after purchasing an additional 11,088 shares during the period. Finally, Prospera Financial Services Inc boosted its holdings in Capital Group Core Balanced ETF by 42.4% in the 2nd quarter. Prospera Financial Services Inc now owns 87,584 shares of the company’s stock valued at $2,929,000 after purchasing an additional 26,094 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of Capital Group Core Balanced ETF stock opened at $35.93 on Friday. The stock has a 50 day moving average of $36.14 and a 200 day moving average of $35.26. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $36.71.

Capital Group Core Balanced ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.2251 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.90 annualized dividend and a dividend yield of 2.5%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

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.