PCG Wealth Advisors LLC Purchases 55,468 Shares of Capital Group Core Balanced ETF $CGBL

PCG Wealth Advisors LLC grew its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 402,421 shares of the company’s stock after purchasing an additional 55,468 shares during the period. Capital Group Core Balanced ETF makes up approximately 3.4% of PCG Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. PCG Wealth Advisors LLC’s holdings in Capital Group Core Balanced ETF were worth $15,276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CGBL. Kestra Investment Management LLC boosted its position in Capital Group Core Balanced ETF by 1.1% during the 4th quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock worth $898,000 after acquiring an additional 276 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Capital Group Core Balanced ETF by 3.3% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock valued at $318,000 after purchasing an additional 286 shares during the last quarter. Beacon Financial Advisory LLC raised its holdings in shares of Capital Group Core Balanced ETF by 0.8% in the fourth quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock valued at $1,530,000 after purchasing an additional 337 shares during the last quarter. Simplicity Wealth LLC lifted its position in shares of Capital Group Core Balanced ETF by 4.4% in the first quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock worth $300,000 after purchasing an additional 367 shares in the last quarter. Finally, Harmony Asset Management LLC lifted its position in shares of Capital Group Core Balanced ETF by 7.0% in the first quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock worth $218,000 after purchasing an additional 414 shares in the last quarter.

Capital Group Core Balanced ETF Trading Down 0.1%

Shares of CGBL opened at $38.12 on Friday. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68. The firm has a fifty day simple moving average of $37.83 and a 200 day simple moving average of $36.92.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.1634 per share. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.65 annualized dividend and a yield of 1.7%.

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.