DAVENPORT & Co LLC Buys 20,192 Shares of Capital Group Core Balanced ETF $CGBL

DAVENPORT & Co LLC grew its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 74.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,186 shares of the company’s stock after acquiring an additional 20,192 shares during the period. DAVENPORT & Co LLC owned about 0.06% of Capital Group Core Balanced ETF worth $1,578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dynamic Advisor Solutions LLC raised its stake in shares of Capital Group Core Balanced ETF by 8.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 8,407 shares of the company’s stock valued at $260,000 after acquiring an additional 623 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Capital Group Core Balanced ETF by 9.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,737,175 shares of the company’s stock worth $53,818,000 after buying an additional 144,531 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Capital Group Core Balanced ETF by 43.2% in the first quarter. Janney Montgomery Scott LLC now owns 183,101 shares of the company’s stock worth $5,672,000 after buying an additional 55,226 shares in the last quarter. KWB Wealth raised its stake in Capital Group Core Balanced ETF by 68.0% in the second quarter. KWB Wealth now owns 232,371 shares of the company’s stock worth $7,199,000 after buying an additional 94,064 shares in the last quarter. Finally, Modern Wealth Management LLC raised its stake in Capital Group Core Balanced ETF by 15.0% in the first quarter. Modern Wealth Management LLC now owns 9,520 shares of the company’s stock worth $295,000 after buying an additional 1,240 shares in the last quarter.

Capital Group Core Balanced ETF Stock Down 0.6%

Shares of NYSEARCA:CGBL opened at $34.77 on Friday. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 25.37 and a beta of 0.76. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $35.08. The firm has a 50 day moving average of $34.35 and a 200 day moving average of $32.81.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a $0.1857 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, September 30th.

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.