Balboa Wealth Partners Buys New Shares in Capital Group Core Balanced ETF $CGBL

Balboa Wealth Partners acquired a new position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,723 shares of the company’s stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. A&I Financial Services LLC boosted its position in Capital Group Core Balanced ETF by 4.5% during the first quarter. A&I Financial Services LLC now owns 8,179 shares of the company’s stock worth $253,000 after purchasing an additional 355 shares during the period. Certior Financial Group LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 4.9% during the first quarter. Certior Financial Group LLC now owns 12,152 shares of the company’s stock worth $376,000 after buying an additional 565 shares in the last quarter. tru Independence LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 7.8% during the second quarter. tru Independence LLC now owns 8,370 shares of the company’s stock worth $280,000 after buying an additional 609 shares in the last quarter. Opal Wealth Advisors LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 106.9% during the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock worth $46,000 after buying an additional 709 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Capital Group Core Balanced ETF by 30.5% during the first quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock worth $131,000 after buying an additional 1,000 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

CGBL opened at $35.00 on Tuesday. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $35.13. The company has a market capitalization of $3.63 billion, a P/E ratio of 25.37 and a beta of 0.76. The stock has a fifty day moving average of $34.51 and a 200-day moving average of $33.03.

Capital Group Core Balanced ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a $0.1857 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 2.1%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, September 30th.

About Capital Group Core Balanced ETF

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.