Koshinski Asset Management Inc. Purchases 2,933 Shares of Capital Group Core Balanced ETF $CGBL

Koshinski Asset Management Inc. lifted its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,610 shares of the company’s stock after purchasing an additional 2,933 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Capital Group Core Balanced ETF were worth $2,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC raised its stake in Capital Group Core Balanced ETF by 106.9% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock worth $46,000 after buying an additional 709 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Capital Group Core Balanced ETF during the first quarter worth about $75,000. Allworth Financial LP lifted its holdings in shares of Capital Group Core Balanced ETF by 30.5% during the 1st quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock valued at $131,000 after purchasing an additional 1,000 shares in the last quarter. Nicholson Wealth Management Group LLC acquired a new position in shares of Capital Group Core Balanced ETF in the 2nd quarter valued at approximately $214,000. Finally, Simplicity Wealth LLC bought a new stake in Capital Group Core Balanced ETF during the 2nd quarter worth approximately $214,000.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL stock opened at $34.75 on Friday. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $35.13. The company’s 50 day moving average price is $34.49 and its two-hundred day moving average price is $32.97. The company has a market capitalization of $3.60 billion, a P/E ratio of 25.37 and a beta of 0.76.

Capital Group Core Balanced ETF Increases Dividend

The business also recently announced 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%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16.

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.