Private Advisor Group LLC Purchases 115,409 Shares of Capital Group Core Balanced ETF $CGBL

Private Advisor Group LLC grew its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 24.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 591,041 shares of the company’s stock after acquiring an additional 115,409 shares during the quarter. Private Advisor Group LLC’s holdings in Capital Group Core Balanced ETF were worth $20,338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGBL. Westside Investment Management Inc. grew its position in Capital Group Core Balanced ETF by 22.7% in the fourth quarter. Westside Investment Management Inc. now owns 146,270 shares of the company’s stock valued at $5,168,000 after purchasing an additional 27,075 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its position in Capital Group Core Balanced ETF by 155.5% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 41,249 shares of the company’s stock worth $1,437,000 after buying an additional 25,105 shares in the last quarter. Valmark Advisers Inc. lifted its position in Capital Group Core Balanced ETF by 28.7% during the 4th quarter. Valmark Advisers Inc. now owns 118,550 shares of the company’s stock worth $4,188,000 after buying an additional 26,424 shares in the last quarter. CWM LLC lifted its position in Capital Group Core Balanced ETF by 5.7% during 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 in the last quarter. Finally, Clarity Wealth Advisors LLC boosted its stake in shares of Capital Group Core Balanced ETF by 39.0% during the 4th quarter. Clarity Wealth Advisors LLC now owns 206,693 shares of the company’s stock worth $7,302,000 after buying an additional 58,004 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA CGBL opened at $37.74 on Friday. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 25.37 and a beta of 0.68. The business has a 50-day moving average of $37.37 and a 200-day moving average of $36.32. Capital Group Core Balanced ETF has a fifty-two week low of $33.25 and a fifty-two week high of $38.20.

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.