Cetera Investment Advisers Increases Stock Position in Capital Group Core Balanced ETF $CGBL

Cetera Investment Advisers raised its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 21.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,048,725 shares of the company’s stock after acquiring an additional 723,471 shares during the period. Cetera Investment Advisers owned approximately 2.43% of Capital Group Core Balanced ETF worth $139,317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CGBL. CoreCap Advisors LLC raised its position in Capital Group Core Balanced ETF by 14,657.1% in the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after purchasing an additional 1,026 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Capital Group Core Balanced ETF during the first quarter worth $43,000. US Bancorp DE boosted its position in shares of Capital Group Core Balanced ETF by 204.6% during the third quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after buying an additional 1,105 shares during the period. Creative Financial Designs Inc. ADV grew its stake in shares of Capital Group Core Balanced ETF by 77.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after buying an additional 1,006 shares in the last quarter. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Capital Group Core Balanced ETF in the fourth quarter valued at $84,000.

Capital Group Core Balanced ETF Trading Down 0.1%

CGBL stock opened at $37.38 on Thursday. The company has a market capitalization of $7.05 billion, a PE ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a 12-month low of $33.25 and a 12-month high of $38.20. The business’s fifty day moving average price is $37.52 and its 200 day moving average price is $36.52.

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.