KWB Wealth Buys 307,615 Shares of Capital Group Core Balanced ETF $CGBL

KWB Wealth raised its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 84.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 673,458 shares of the company’s stock after buying an additional 307,615 shares during the period. Capital Group Core Balanced ETF comprises about 2.3% of KWB Wealth’s investment portfolio, making the stock its 11th biggest position. KWB Wealth’s holdings in Capital Group Core Balanced ETF were worth $23,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. US Bancorp DE raised its position in shares of Capital Group Core Balanced ETF by 204.6% during the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after buying an additional 1,105 shares in the last quarter. Allworth Financial LP grew its position in Capital Group Core Balanced ETF by 6.7% in the third quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock worth $173,000 after acquiring an additional 311 shares in the last quarter. M.E. Allison & CO. Inc. bought a new position in Capital Group Core Balanced ETF in the third quarter valued at $207,000. Orion Porfolio Solutions LLC bought a new position in Capital Group Core Balanced ETF in the second quarter valued at $214,000. Finally, IFG Advisory LLC purchased a new stake in Capital Group Core Balanced ETF during the third quarter valued at about $218,000.

Capital Group Core Balanced ETF Stock Up 1.0%

Shares of CGBL stock opened at $34.57 on Tuesday. The business has a 50-day moving average price of $36.00 and a two-hundred day moving average price of $35.37. Capital Group Core Balanced ETF has a 12-month low of $28.22 and a 12-month high of $36.71. The firm has a market cap of $4.67 billion, a P/E ratio of 25.37 and a beta of 0.69.

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 dividend of $0.2251 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

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.