Capital Group Core Balanced ETF $CGBL Stock Position Lifted by Lincoln Capital LLC

Lincoln Capital LLC increased its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 133.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,639 shares of the company’s stock after acquiring an additional 16,959 shares during the quarter. Lincoln Capital LLC’s holdings in Capital Group Core Balanced ETF were worth $1,089,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CGBL. Advance Capital Management Inc. increased its position in shares of Capital Group Core Balanced ETF by 27.6% during the first quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock worth $412,022,000 after purchasing an additional 2,588,189 shares in the last quarter. Cetera Investment Advisers raised its stake in Capital Group Core Balanced ETF by 21.8% in the first 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 during the last quarter. Royal Bank of Canada boosted its holdings in Capital Group Core Balanced ETF by 16.2% in the first quarter. Royal Bank of Canada now owns 2,335,514 shares of the company’s stock worth $80,364,000 after acquiring an additional 326,314 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Capital Group Core Balanced ETF by 20.8% in the first quarter. Kestra Advisory Services LLC now owns 1,573,552 shares of the company’s stock worth $54,146,000 after acquiring an additional 271,207 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Capital Group Core Balanced ETF by 55.3% during the first quarter. Janney Montgomery Scott LLC now owns 1,342,291 shares of the company’s stock worth $46,188,000 after acquiring an additional 478,121 shares during the last quarter.

Capital Group Core Balanced ETF Stock Up 0.3%

Shares of Capital Group Core Balanced ETF stock traded up $0.11 during midday trading on Friday, hitting $37.16. The company had a trading volume of 816,107 shares, compared to its average volume of 1,509,547. The company has a fifty day simple moving average of $37.77 and a 200 day simple moving average of $37.18. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a 12-month low of $33.67 and a 12-month high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.2056 per share. The ex-dividend date was Wednesday, September 30th. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. This represents a $0.82 annualized dividend and a dividend yield of 2.2%.

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.