Lantz Financial LLC Makes New Investment in Capital Group Core Balanced ETF $CGBL

Lantz Financial LLC purchased a new position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 14,871 shares of the company’s stock, valued at approximately $525,000.

Several other hedge funds also recently made changes to their positions in CGBL. NWF Advisory Services Inc. raised its stake in shares of 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 valued at $606,000 after purchasing an additional 309 shares during the period. Allworth Financial LP lifted its holdings in Capital Group Core Balanced ETF by 6.7% during the 3rd quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock worth $173,000 after purchasing an additional 311 shares in the last quarter. Balboa Wealth Partners boosted its stake in Capital Group Core Balanced ETF by 2.3% in the 3rd quarter. Balboa Wealth Partners now owns 15,065 shares of the company’s stock worth $523,000 after purchasing an additional 342 shares during the period. Carson Advisory Inc. boosted its stake in Capital Group Core Balanced ETF by 3.8% in the 3rd quarter. Carson Advisory Inc. now owns 13,575 shares of the company’s stock worth $471,000 after purchasing an additional 500 shares during the period. Finally, M.E. Allison & CO. Inc. grew its holdings in Capital Group Core Balanced ETF by 9.6% during the 4th quarter. M.E. Allison & CO. Inc. now owns 6,535 shares of the company’s stock valued at $231,000 after buying an additional 570 shares in the last quarter.

Capital Group Core Balanced ETF Stock Down 0.1%

Shares of CGBL opened at $33.78 on Tuesday. Capital Group Core Balanced ETF has a twelve month low of $28.22 and a twelve month high of $36.71. The stock has a market cap of $4.56 billion, a PE ratio of 25.37 and a beta of 0.69. The business’s 50-day moving average price is $35.79 and its 200-day moving average price is $35.36.

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.