Hopwood Nicholas Hunter Buys Shares of 288,664 Capital Group Core Balanced ETF $CGBL

Hopwood Nicholas Hunter purchased a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 288,664 shares of the company’s stock, valued at approximately $10,958,000. Capital Group Core Balanced ETF makes up 3.0% of Hopwood Nicholas Hunter’s holdings, making the stock its 8th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of Capital Group Core Balanced ETF by 191.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock worth $163,300,000 after buying an additional 3,033,933 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Capital Group Core Balanced ETF by 27.7% during the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock valued at $444,300,000 after acquiring an additional 2,726,819 shares during the last quarter. Advance Capital Management Inc. raised its stake in shares of Capital Group Core Balanced ETF by 27.6% in the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after acquiring an additional 2,588,189 shares in the last quarter. J. Derek Lewis & Associates Inc. bought a new position in shares of Capital Group Core Balanced ETF in the 4th quarter valued at approximately $40,500,000. Finally, Cetera Investment Advisers lifted its holdings in Capital Group Core Balanced ETF by 40.1% in the 4th quarter. Cetera Investment Advisers now owns 3,325,254 shares of the company’s stock worth $117,481,000 after purchasing an additional 952,356 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

CGBL opened at $38.12 on Friday. The firm has a market cap of $7.37 billion, a P/E ratio of 25.37 and a beta of 0.69. The business has a 50 day moving average price of $37.83 and a 200 day moving average price of $36.92. Capital Group Core Balanced ETF has a twelve month low of $33.67 and a twelve month high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a dividend of $0.1634 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.65 annualized dividend and a dividend yield of 1.7%. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13.

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