Envestnet Portfolio Solutions Inc. Reduces Stake in Capital Group Core Balanced ETF $CGBL

Envestnet Portfolio Solutions Inc. reduced its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 54.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 85,501 shares of the company’s stock after selling 103,260 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Core Balanced ETF were worth $2,859,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CGBL. Opal Wealth Advisors LLC increased its stake in Capital Group Core Balanced ETF by 106.9% in the 2nd quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $46,000 after purchasing an additional 709 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Capital Group Core Balanced ETF during the 1st quarter valued at $75,000. Allworth Financial LP grew its holdings in Capital Group Core Balanced ETF by 30.5% during the 1st quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock valued at $131,000 after buying an additional 1,000 shares during the last quarter. Sovran Advisors LLC acquired a new stake in Capital Group Core Balanced ETF during the 1st quarter valued at $201,000. Finally, Simplicity Wealth LLC acquired a new stake in Capital Group Core Balanced ETF during the 2nd quarter valued at $214,000.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA:CGBL opened at $34.76 on Friday. The business’s fifty day moving average price is $34.47 and its two-hundred day moving average price is $32.93. The stock has a market cap of $3.60 billion, a PE ratio of 25.37 and a beta of 0.76. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $35.13.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.1857 per share. This represents a $0.74 annualized dividend and a dividend yield of 2.1%. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, September 30th.

Capital Group Core Balanced ETF 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.