Capital Group Core Balanced ETF $CGBL Stock: Gerber Kawasaki Wealth & Investment Management Raises Holdings

Gerber Kawasaki Wealth & Investment Management grew its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 9.6% during the third quarter, HoldingsChannel reports. The firm owned 163,445 shares of the company’s stock after buying an additional 14,258 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in Capital Group Core Balanced ETF were worth $6,007,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust acquired a new stake in shares of Capital Group Core Balanced ETF during the second quarter worth $33,000. Anchor Investment Management LLC bought a new position in Capital Group Core Balanced ETF during the first quarter worth $43,000. North Star Investment Management Corp. acquired a new position in Capital Group Core Balanced ETF in the third quarter valued at $74,000. CX Institutional acquired a new position in Capital Group Core Balanced ETF in the third quarter valued at $78,000. Finally, CoreCap Advisors LLC lifted its holdings in Capital Group Core Balanced ETF by 130.9% in the third quarter. CoreCap Advisors LLC now owns 2,122 shares of the company’s stock valued at $78,000 after buying an additional 1,203 shares during the period.

Capital Group Core Balanced ETF Trading Up 0.2%

Shares of CGBL opened at $36.76 on Tuesday. The stock has a market capitalization of $7.87 billion, a P/E ratio of 25.37 and a beta of 0.70. The firm’s fifty day simple moving average is $37.35 and its two-hundred day simple moving average is $36.89. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

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

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.