High Net Worth Advisory Group LLC Boosts Stake in Capital Group Core Balanced ETF $CGBL

High Net Worth Advisory Group LLC increased its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 7.1% in the first quarter, Holdings Channel reports. The firm owned 316,985 shares of the company’s stock after buying an additional 21,148 shares during the quarter. Capital Group Core Balanced ETF accounts for approximately 2.5% of High Net Worth Advisory Group LLC’s holdings, making the stock its 7th biggest holding. High Net Worth Advisory Group LLC’s holdings in Capital Group Core Balanced ETF were worth $10,907,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CoreCap Advisors LLC lifted its stake in Capital Group Core Balanced ETF by 14,657.1% in the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after buying an additional 1,026 shares during the period. US Bancorp DE increased its stake in shares of Capital Group Core Balanced ETF by 204.6% in the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after acquiring an additional 1,105 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Capital Group Core Balanced ETF by 77.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after acquiring an additional 1,006 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter valued at approximately $84,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter valued at approximately $86,000.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $37.94 on Tuesday. The company’s 50 day simple moving average is $37.14 and its 200 day simple moving average is $36.18. Capital Group Core Balanced ETF has a fifty-two week low of $32.46 and a fifty-two week high of $38.20. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

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