Capital Group Core Balanced ETF $CGBL Stake Lifted by Assetmark Inc.

Assetmark Inc. lifted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 442.4% during the third quarter, Holdings Channel reports. The institutional investor owned 122,948 shares of the company’s stock after buying an additional 100,280 shares during the quarter. Assetmark Inc.’s holdings in Capital Group Core Balanced ETF were worth $4,269,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Advance Capital Management Inc. raised its position in Capital Group Core Balanced ETF by 242.6% during the third quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock valued at $322,061,000 after buying an additional 6,568,560 shares during the period. Envestnet Asset Management Inc. grew its stake in Capital Group Core Balanced ETF by 31.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after buying an additional 1,307,832 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Capital Group Core Balanced ETF by 13.4% during the third quarter. Commonwealth Equity Services LLC now owns 2,061,754 shares of the company’s stock valued at $71,584,000 after acquiring an additional 242,948 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Capital Group Core Balanced ETF by 7.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,937,897 shares of the company’s stock valued at $67,574,000 after purchasing an additional 141,375 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Capital Group Core Balanced ETF by 75.6% in the second quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after purchasing an additional 791,376 shares during the period.

Capital Group Core Balanced ETF Stock Up 0.1%

Shares of NYSEARCA:CGBL opened at $36.26 on Wednesday. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The business has a 50 day moving average price of $35.93 and a 200 day moving average price of $35.06. Capital Group Core Balanced ETF has a twelve month low of $28.22 and a twelve month high of $36.63.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.2251 dividend. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.5%.

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. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.