Northwestern Mutual Wealth Management Co. Raises Position in Capital Group Core Balanced ETF $CGBL

Northwestern Mutual Wealth Management Co. raised its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 471.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 161,594 shares of the company’s stock after buying an additional 133,318 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Core Balanced ETF were worth $5,709,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CGBL. CoreCap Advisors LLC increased its holdings in Capital Group Core Balanced ETF by 14,657.1% during the 4th quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock worth $36,000 after purchasing an additional 1,026 shares during the period. US Bancorp DE increased its holdings in Capital Group Core Balanced ETF by 204.6% during the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after purchasing an additional 1,105 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Capital Group Core Balanced ETF during the 4th quarter worth about $86,000. Cascades Capital Asset Management LLC purchased a new stake in Capital Group Core Balanced ETF during the 4th quarter worth about $102,000. Finally, Allworth Financial LP increased its holdings in Capital Group Core Balanced ETF by 6.7% during the 3rd quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock worth $173,000 after purchasing an additional 311 shares during the period.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA CGBL opened at $37.12 on Friday. The stock’s 50-day moving average is $35.92 and its two-hundred day moving average is $35.74. Capital Group Core Balanced ETF has a 1-year low of $31.52 and a 1-year high of $37.62. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

About Capital Group Core Balanced ETF

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.