Axxcess Wealth Management LLC Has $407,000 Stock Holdings in Capital Group Core Balanced ETF $CGBL

Axxcess Wealth Management LLC grew its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 22.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,173 shares of the company’s stock after purchasing an additional 2,195 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Capital Group Core Balanced ETF were worth $407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGBL. Opal Wealth Advisors LLC lifted its stake in shares of Capital Group Core Balanced ETF by 106.9% in the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock worth $46,000 after acquiring an additional 709 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Capital Group Core Balanced ETF in the first quarter worth approximately $75,000. Allworth Financial LP lifted its stake in shares of Capital Group Core Balanced ETF by 30.5% in the first quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock worth $131,000 after acquiring an additional 1,000 shares during the period. Sovran Advisors LLC acquired a new position in shares of Capital Group Core Balanced ETF in the first quarter worth approximately $201,000. Finally, Simplicity Wealth LLC acquired a new position in shares of Capital Group Core Balanced ETF in the second quarter worth approximately $214,000.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $34.75 on Friday. The stock’s 50 day moving average is $34.49 and its 200 day moving average is $32.97. The firm has a market cap of $3.60 billion, a P/E ratio of 25.37 and a beta of 0.76. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $35.13.

Capital Group Core Balanced ETF Increases Dividend

The business 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 is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 30th.

About Capital Group Core Balanced ETF

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.