Cetera Investment Advisers Purchases 189,885 Shares of Capital Group Core Balanced ETF $CGBL

Cetera Investment Advisers grew its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 12.2% in the second quarter, Holdings Channel reports. The fund owned 1,744,688 shares of the company’s stock after buying an additional 189,885 shares during the quarter. Cetera Investment Advisers’ holdings in Capital Group Core Balanced ETF were worth $58,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. LPL Financial LLC raised its stake in Capital Group Core Balanced ETF by 45.3% during the first quarter. LPL Financial LLC now owns 5,504,865 shares of the company’s stock valued at $170,541,000 after purchasing an additional 1,717,432 shares in the last quarter. CWM LLC increased its holdings in shares of Capital Group Core Balanced ETF by 208.6% in the 2nd quarter. CWM LLC now owns 2,207,565 shares of the company’s stock worth $73,821,000 after buying an additional 1,492,252 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 31.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,140,219 shares of the company’s stock worth $138,449,000 after buying an additional 993,022 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Capital Group Core Balanced ETF by 47.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,821,751 shares of the company’s stock valued at $56,438,000 after buying an additional 588,909 shares in the last quarter. Finally, Advance Capital Management Inc. lifted its holdings in shares of Capital Group Core Balanced ETF by 24.4% in the 2nd quarter. Advance Capital Management Inc. now owns 2,707,404 shares of the company’s stock valued at $90,536,000 after acquiring an additional 530,828 shares during the last quarter.

Capital Group Core Balanced ETF Trading Down 0.1%

CGBL opened at $34.59 on Friday. The stock has a 50-day moving average of $34.83 and a 200 day moving average of $33.67. Capital Group Core Balanced ETF has a 12 month low of $28.22 and a 12 month high of $35.42. The firm has a market cap of $3.75 billion, a P/E ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a $0.1857 dividend. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, September 30th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.1%.

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.