Envestnet Asset Management Inc. Raises Position in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Envestnet Asset Management Inc. increased its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 47.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,389,179 shares of the company’s stock after purchasing an additional 766,049 shares during the period. Envestnet Asset Management Inc. owned 0.17% of Capital Group Core Balanced ETF worth $74,710,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV acquired a new position in shares of Capital Group Core Balanced ETF in the 4th quarter valued at $41,000. Global Retirement Partners LLC raised its position in shares of Capital Group Core Balanced ETF by 420.8% in the 4th quarter. Global Retirement Partners LLC now owns 2,484 shares of the company’s stock worth $78,000 after buying an additional 2,007 shares during the period. Hobbs Group Advisors LLC raised its position in shares of Capital Group Core Balanced ETF by 257.4% in the 3rd quarter. Hobbs Group Advisors LLC now owns 3,217 shares of the company’s stock worth $100,000 after buying an additional 2,317 shares during the period. Allworth Financial LP acquired a new position in Capital Group Core Balanced ETF in the fourth quarter valued at $105,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Capital Group Core Balanced ETF by 39.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,382 shares of the company’s stock valued at $106,000 after acquiring an additional 962 shares during the period.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $28.65 on Wednesday. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 25.90 and a beta of 0.76. Capital Group Core Balanced ETF has a 12 month low of $27.94 and a 12 month high of $32.65. The stock’s 50-day moving average is $31.51 and its 200-day moving average is $31.53.

Capital Group Core Balanced ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 31st were given a dividend of $0.1232 per share. The ex-dividend date was Monday, March 31st.

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.