Concurrent Investment Advisors LLC Acquires 156,545 Shares of Capital Group Core Balanced ETF $CGBL

Concurrent Investment Advisors LLC lifted its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 78.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 355,793 shares of the company’s stock after purchasing an additional 156,545 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Capital Group Core Balanced ETF were worth $11,898,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CGBL. LPL Financial LLC increased its holdings in shares of Capital Group Core Balanced ETF by 45.3% during the first quarter. LPL Financial LLC now owns 5,504,865 shares of the company’s stock worth $170,541,000 after purchasing an additional 1,717,432 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 31.7% during the first quarter. Envestnet Asset Management Inc. now owns 3,147,197 shares of the company’s stock worth $97,500,000 after purchasing an additional 758,018 shares during the period. CWM LLC increased its holdings in shares of Capital Group Core Balanced ETF by 1,006.3% during the first quarter. CWM LLC now owns 715,313 shares of the company’s stock worth $22,160,000 after purchasing an additional 650,654 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Capital Group Core Balanced ETF by 47.8% during the first quarter. Commonwealth Equity Services LLC now owns 1,821,751 shares of the company’s stock worth $56,438,000 after purchasing an additional 588,909 shares during the period. Finally, Advance Capital Management Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 24.4% during the second quarter. Advance Capital Management Inc. now owns 2,707,404 shares of the company’s stock worth $90,536,000 after purchasing an additional 530,828 shares during the period.

Capital Group Core Balanced ETF Trading Down 1.4%

NYSEARCA CGBL opened at $34.29 on Friday. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 25.37 and a beta of 0.76. The firm’s 50 day simple moving average is $34.37 and its 200 day simple moving average is $32.84. Capital Group Core Balanced ETF has a 1 year low of $28.22 and a 1 year high of $35.08.

Capital Group Core Balanced ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were given a dividend of $0.1857 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.74 annualized dividend and a dividend yield of 2.2%. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16.

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.