Capital Group Core Balanced ETF $CGBL Stock: KWB Wealth Decreases Holdings

KWB Wealth lessened its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 58.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 387,913 shares of the company’s stock after selling 537,978 shares during the quarter. Capital Group Core Balanced ETF accounts for approximately 1.2% of KWB Wealth’s holdings, making the stock its 20th biggest holding. KWB Wealth owned approximately 0.18% of Capital Group Core Balanced ETF worth $14,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Guardian Asset Advisors LLC raised its stake in shares of Capital Group Core Balanced ETF by 12.7% in the 3rd quarter. Guardian Asset Advisors LLC now owns 8,230 shares of the company’s stock valued at $302,000 after buying an additional 930 shares in the last quarter. Sweeney & Michel LLC boosted its position in shares of Capital Group Core Balanced ETF by 39.8% during the 3rd quarter. Sweeney & Michel LLC now owns 14,969 shares of the company’s stock valued at $553,000 after acquiring an additional 4,263 shares in the last quarter. Sard Wealth Management Group LLC acquired a new stake in shares of Capital Group Core Balanced ETF during the 3rd quarter valued at about $266,000. James T. Borello RIA boosted its position in shares of Capital Group Core Balanced ETF by 8.5% during the 3rd quarter. James T. Borello RIA now owns 30,119 shares of the company’s stock valued at $1,107,000 after acquiring an additional 2,360 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its position in shares of Capital Group Core Balanced ETF by 7.6% during the 3rd quarter. AdvisorNet Financial Inc now owns 292,029 shares of the company’s stock valued at $10,752,000 after acquiring an additional 20,572 shares in the last quarter.

Capital Group Core Balanced ETF Trading Down 0.6%

NYSEARCA CGBL traded down $0.24 on Friday, reaching $36.85. The company’s stock had a trading volume of 1,314,471 shares, compared to its average volume of 1,502,085. The firm has a market cap of $7.76 billion, a PE ratio of 25.37 and a beta of 0.70. The business has a 50-day moving average price of $37.66 and a 200 day moving average price of $37.28. Capital Group Core Balanced ETF has a 52 week low of $33.67 and a 52 week high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a $0.2056 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634.

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.