Seamount Financial Group Inc. Buys 16,636 Shares of Capital Group Core Balanced ETF $CGBL

Seamount Financial Group Inc. raised its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 6.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 274,750 shares of the company’s stock after acquiring an additional 16,636 shares during the quarter. Capital Group Core Balanced ETF accounts for 3.9% of Seamount Financial Group Inc.’s holdings, making the stock its 5th largest position. Seamount Financial Group Inc.’s holdings in Capital Group Core Balanced ETF were worth $10,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Advance Capital Management Inc. raised its position in shares of Capital Group Core Balanced ETF by 27.6% during the first quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after buying an additional 2,588,189 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Capital Group Core Balanced ETF by 21.8% in the first quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock valued at $139,317,000 after buying an additional 723,471 shares during the period. Compton Financial Group LLC grew its position in Capital Group Core Balanced ETF by 2,302.1% during the first quarter. Compton Financial Group LLC now owns 543,246 shares of the company’s stock worth $18,693,000 after buying an additional 520,631 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Capital Group Core Balanced ETF by 55.3% during the first quarter. Janney Montgomery Scott LLC now owns 1,342,291 shares of the company’s stock worth $46,188,000 after buying an additional 478,121 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Capital Group Core Balanced ETF by 16.2% during the first quarter. Royal Bank of Canada now owns 2,335,514 shares of the company’s stock worth $80,364,000 after buying an additional 326,314 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 0.2%

Shares of CGBL opened at $37.00 on Thursday. Capital Group Core Balanced ETF has a 12-month low of $33.67 and a 12-month high of $38.68. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70. The stock’s 50-day moving average price is $37.57 and its 200 day moving average price is $37.35.

Capital Group Core Balanced ETF Increases Dividend

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

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.