Capital Group Core Balanced ETF $CGBL Shares Bought by LongView Wealth Management

LongView Wealth Management lifted its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 245,039 shares of the company’s stock after acquiring an additional 52,783 shares during the quarter. Capital Group Core Balanced ETF makes up approximately 2.1% of LongView Wealth Management’s portfolio, making the stock its 10th biggest position. LongView Wealth Management owned 0.19% of Capital Group Core Balanced ETF worth $8,885,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advance Capital Management Inc. increased its holdings in Capital Group Core Balanced ETF by 242.6% in the 3rd quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock worth $322,061,000 after purchasing an additional 6,568,560 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Capital Group Core Balanced ETF by 31.6% during the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after purchasing an additional 1,307,832 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Capital Group Core Balanced ETF by 75.6% during the second quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after purchasing an additional 791,376 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Capital Group Core Balanced ETF during the second quarter worth about $12,843,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Capital Group Core Balanced ETF by 56.8% in the third quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock valued at $35,198,000 after buying an additional 365,941 shares during the period.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA CGBL opened at $34.15 on Friday. The company has a 50 day simple moving average of $35.89 and a 200 day simple moving average of $35.36. The firm has a market cap of $4.61 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1 year low of $28.22 and a 1 year high of $36.71.

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.