Signature Equity Partners LLC Purchases 53,252 Shares of Capital Group Core Balanced ETF $CGBL

Signature Equity Partners LLC acquired a new stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the third quarter, according to its most recent filing with the SEC. The fund acquired 53,252 shares of the company’s stock, valued at approximately $1,957,000. Capital Group Core Balanced ETF accounts for approximately 0.7% of Signature Equity Partners LLC’s investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advance Capital Management Inc. lifted its holdings in Capital Group Core Balanced ETF by 27.6% during the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock worth $412,022,000 after purchasing an additional 2,588,189 shares in the last quarter. Cetera Investment Advisers grew its holdings in Capital Group Core Balanced ETF by 21.8% during the 1st quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock valued at $139,317,000 after buying an additional 723,471 shares in the last quarter. Royal Bank of Canada grew its holdings in Capital Group Core Balanced ETF by 16.2% during the 1st quarter. Royal Bank of Canada now owns 2,335,514 shares of the company’s stock valued at $80,364,000 after buying an additional 326,314 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in Capital Group Core Balanced ETF by 20.8% during the 1st quarter. Kestra Advisory Services LLC now owns 1,573,552 shares of the company’s stock valued at $54,146,000 after buying an additional 271,207 shares in the last quarter. Finally, J. Derek Lewis & Associates Inc. increased its position in shares of Capital Group Core Balanced ETF by 7.9% during the first quarter. J. Derek Lewis & Associates Inc. now owns 1,236,940 shares of the company’s stock valued at $42,618,000 after buying an additional 90,606 shares during the period.

Capital Group Core Balanced ETF Trading Up 0.2%

Shares of Capital Group Core Balanced ETF stock opened at $36.76 on Tuesday. Capital Group Core Balanced ETF has a 12-month low of $33.67 and a 12-month high of $38.68. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70. The company’s 50-day moving average price is $37.35 and its 200-day moving average price is $36.89.

Capital Group Core Balanced ETF Increases Dividend

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

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.