World Investment Advisors Grows Stock Holdings in Capital Group Core Balanced ETF $CGBL

World Investment Advisors lifted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 30.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,505 shares of the company’s stock after purchasing an additional 40,951 shares during the quarter. World Investment Advisors owned about 0.17% of Capital Group Core Balanced ETF worth $6,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGBL. Opal Wealth Advisors LLC boosted its holdings in 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 in the last quarter. Allworth Financial LP raised its position in shares of Capital Group Core Balanced ETF by 9.1% in the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after purchasing an additional 390 shares during the last quarter. Financial Perspectives Inc boosted its stake in Capital Group Core Balanced ETF by 225.9% in the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock worth $195,000 after purchasing an additional 4,035 shares in the last quarter. Savvy Advisors Inc. purchased a new stake in Capital Group Core Balanced ETF during the 2nd quarter valued at about $203,000. Finally, M.E. Allison & CO. Inc. bought a new stake in Capital Group Core Balanced ETF during the 3rd quarter valued at about $207,000.

Capital Group Core Balanced ETF Stock Performance

Shares of Capital Group Core Balanced ETF stock opened at $35.82 on Friday. The company has a 50-day simple moving average of $35.00 and a two-hundred day simple moving average of $34.32. The stock has a market capitalization of $3.89 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $35.83.

Capital Group Core Balanced ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 26th will be issued a $0.2251 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, December 26th. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

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.