IFP Advisors Inc Boosts Stock Position in Capital Group Core Balanced ETF $CGBL

IFP Advisors Inc increased its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 6.3% in the fourth quarter, HoldingsChannel reports. The firm owned 317,223 shares of the company’s stock after buying an additional 18,723 shares during the quarter. IFP Advisors Inc’s holdings in Capital Group Core Balanced ETF were worth $11,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Advance Capital Management Inc. increased its position in Capital Group Core Balanced ETF by 1.2% during the 4th quarter. Advance Capital Management Inc. now owns 9,385,711 shares of the company’s stock worth $331,597,000 after purchasing an additional 109,747 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Capital Group Core Balanced ETF by 31.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock worth $189,156,000 after buying an additional 1,307,832 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Capital Group Core Balanced ETF by 17.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,252,009 shares of the company’s stock worth $79,563,000 after buying an additional 330,471 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Capital Group Core Balanced ETF by 20.2% in the 3rd quarter. Raymond James Financial Inc. now owns 2,209,899 shares of the company’s stock worth $76,728,000 after buying an additional 371,133 shares during the last quarter. Finally, CWM LLC boosted its stake in Capital Group Core Balanced ETF by 5.7% in the 4th quarter. CWM LLC now owns 2,168,040 shares of the company’s stock worth $76,597,000 after buying an additional 117,287 shares during the last quarter.

Capital Group Core Balanced ETF Trading Down 0.7%

Shares of NYSEARCA:CGBL opened at $36.62 on Wednesday. The stock’s 50-day moving average price is $35.84 and its two-hundred day moving average price is $35.70. Capital Group Core Balanced ETF has a 12-month low of $31.52 and a 12-month high of $37.62. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

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.