Stephens Inc. AR Purchases 22,635 Shares of Capital Group Core Balanced ETF $CGBL

Stephens Inc. AR grew its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 193.5% during the 3rd quarter, Holdings Channel reports. The firm owned 34,330 shares of the company’s stock after purchasing an additional 22,635 shares during the period. Stephens Inc. AR’s holdings in Capital Group Core Balanced ETF were worth $1,192,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CGBL. Opal Wealth Advisors LLC raised its stake in shares of Capital Group Core Balanced ETF by 106.9% during the second 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 last quarter. Allworth Financial LP boosted its stake in Capital Group Core Balanced ETF by 9.1% in the second quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock valued at $156,000 after acquiring an additional 390 shares during the last quarter. Financial Perspectives Inc grew its holdings in Capital Group Core Balanced ETF by 225.9% during the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock worth $195,000 after acquiring an additional 4,035 shares during the period. M.E. Allison & CO. Inc. acquired a new stake in Capital Group Core Balanced ETF during the 3rd quarter worth $207,000. Finally, Savvy Advisors Inc. bought a new stake in shares of Capital Group Core Balanced ETF during the 2nd quarter valued at $203,000.

Capital Group Core Balanced ETF Stock Up 0.2%

NYSEARCA:CGBL opened at $36.29 on Monday. Capital Group Core Balanced ETF has a 12-month low of $28.22 and a 12-month high of $36.42. The stock’s fifty day simple moving average is $35.33 and its 200-day simple moving average is $34.67. The firm has a market capitalization of $4.67 billion, a P/E ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.2251 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was 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 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.