Integrated Wealth Concepts LLC Invests $651,000 in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Integrated Wealth Concepts LLC purchased a new position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the third quarter, HoldingsChannel reports. The institutional investor purchased 20,973 shares of the company’s stock, valued at approximately $651,000.

A number of other large investors also recently modified their holdings of the business. Advance Capital Management Inc. increased its position in shares of Capital Group Core Balanced ETF by 3.8% during the third quarter. Advance Capital Management Inc. now owns 2,094,775 shares of the company’s stock valued at $65,043,000 after purchasing an additional 77,064 shares during the period. LPL Financial LLC increased its position in shares of Capital Group Core Balanced ETF by 377.5% during the second quarter. LPL Financial LLC now owns 1,448,597 shares of the company’s stock valued at $43,067,000 after purchasing an additional 1,145,222 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Capital Group Core Balanced ETF by 1,230.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,154,454 shares of the company’s stock valued at $34,322,000 after purchasing an additional 1,067,655 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Capital Group Core Balanced ETF by 120.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,153,227 shares of the company’s stock valued at $35,808,000 after purchasing an additional 630,992 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Capital Group Core Balanced ETF by 37.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 679,132 shares of the company’s stock valued at $20,191,000 after purchasing an additional 185,251 shares during the period.

Capital Group Core Balanced ETF Stock Performance

CGBL opened at $31.89 on Wednesday. Capital Group Core Balanced ETF has a 1 year low of $26.28 and a 1 year high of $32.30. The stock’s 50 day simple moving average is $31.50 and its 200-day simple moving average is $30.57.

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.