Capital Group Core Balanced ETF $CGBL Shares Bought by United Advisor Group LLC

United Advisor Group LLC grew its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 69.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,694 shares of the company’s stock after purchasing an additional 11,800 shares during the quarter. United Advisor Group LLC’s holdings in Capital Group Core Balanced ETF were worth $960,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CGBL. LPL Financial LLC increased its holdings in Capital Group Core Balanced ETF by 45.3% in the first quarter. LPL Financial LLC now owns 5,504,865 shares of the company’s stock valued at $170,541,000 after buying an additional 1,717,432 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Capital Group Core Balanced ETF by 31.6% during 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. Advance Capital Management Inc. boosted its position in shares of Capital Group Core Balanced ETF by 24.4% during the 2nd quarter. Advance Capital Management Inc. now owns 2,707,404 shares of the company’s stock worth $90,536,000 after acquiring an additional 530,828 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 valued at $73,821,000 after acquiring an additional 1,492,252 shares during the last quarter. Finally, 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 worth $56,438,000 after acquiring an additional 588,909 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA CGBL opened at $34.25 on Wednesday. The stock’s 50-day simple moving average is $34.82 and its 200-day simple moving average is $33.73. The firm has a market capitalization of $3.72 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $35.42.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.1857 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. This represents a $0.74 dividend on an annualized basis and a yield of 2.2%.

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.