NewEdge Advisors LLC Purchases 102,911 Shares of Capital Group Core Balanced ETF $CGBL

NewEdge Advisors LLC boosted its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 26.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 491,913 shares of the company’s stock after purchasing an additional 102,911 shares during the quarter. NewEdge Advisors LLC owned 0.25% of Capital Group Core Balanced ETF worth $18,673,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CGBL. LPL Financial LLC raised its holdings in Capital Group Core Balanced ETF by 27.7% in the fourth quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares during the period. Advance Capital Management Inc. grew its holdings in shares of Capital Group Core Balanced ETF by 27.6% in the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after buying an additional 2,588,189 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Capital Group Core Balanced ETF by 191.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after buying an additional 3,033,933 shares during the period. Morgan Stanley increased its position in shares of Capital Group Core Balanced ETF by 17.0% in the 4th quarter. Morgan Stanley now owns 4,062,395 shares of the company’s stock valued at $143,524,000 after buying an additional 590,373 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Capital Group Core Balanced ETF by 21.8% in the 1st quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock valued at $139,317,000 after buying an additional 723,471 shares in the last quarter.

Capital Group Core Balanced ETF Trading Down 1.0%

Shares of Capital Group Core Balanced ETF stock opened at $37.47 on Friday. The company has a market capitalization of $7.24 billion, a PE 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 stock’s fifty day simple moving average is $37.83 and its 200 day simple moving average is $36.97.

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 issued a $0.1634 dividend. This represents a $0.65 annualized dividend and a dividend yield of 1.7%. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, June 30th.

Capital Group Core Balanced ETF Company 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.