Western Wealth Management LLC Invests $1.19 Million in Capital Group Core Balanced ETF $CGBL

Western Wealth Management LLC bought a new position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,161 shares of the company’s stock, valued at approximately $1,186,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NWF Advisory Services Inc. grew its position in Capital Group Core Balanced ETF by 1.7% during the 2nd quarter. NWF Advisory Services Inc. now owns 18,124 shares of the company’s stock worth $606,000 after purchasing an additional 309 shares during the period. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 4.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 8,120 shares of the company’s stock valued at $272,000 after buying an additional 319 shares during the period. Allworth Financial LP boosted its stake in shares of 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 worth $156,000 after buying an additional 390 shares during the last quarter. Bridgewealth Advisory Group LLC grew its holdings in Capital Group Core Balanced ETF by 3.5% during the third quarter. Bridgewealth Advisory Group LLC now owns 17,209 shares of the company’s stock worth $598,000 after acquiring an additional 578 shares during the period. Finally, KPP Advisory Services LLC grew its holdings in Capital Group Core Balanced ETF by 3.4% during the third quarter. KPP Advisory Services LLC now owns 18,128 shares of the company’s stock worth $629,000 after acquiring an additional 595 shares during the period.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA:CGBL opened at $36.38 on Wednesday. The business has a 50 day moving average of $35.83 and a two-hundred day moving average of $34.97. Capital Group Core Balanced ETF has a 12-month low of $28.22 and a 12-month high of $36.59. The company has a market capitalization of $4.91 billion, a PE ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

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

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.