Capital Group Core Balanced ETF $CGBL Shares Bought by Essex Financial Services Inc.

Essex Financial Services Inc. grew its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 32.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 217,276 shares of the company’s stock after buying an additional 53,657 shares during the quarter. Essex Financial Services Inc.’s holdings in Capital Group Core Balanced ETF were worth $7,476,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CoreCap Advisors LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 14,657.1% in the 4th quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after purchasing an additional 1,026 shares during the last quarter. US Bancorp DE grew its stake in Capital Group Core Balanced ETF by 204.6% during the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after buying an additional 1,105 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Capital Group Core Balanced ETF by 77.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock worth $81,000 after buying an additional 1,006 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in Capital Group Core Balanced ETF during the fourth quarter worth approximately $84,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Capital Group Core Balanced ETF during the fourth quarter worth approximately $86,000.

Capital Group Core Balanced ETF Trading Down 0.7%

Shares of NYSEARCA CGBL opened at $37.70 on Thursday. Capital Group Core Balanced ETF has a twelve month low of $33.25 and a twelve month high of $38.20. The stock has a 50 day moving average of $37.32 and a two-hundred day moving average of $36.30. The stock has a market cap of $7.06 billion, a P/E ratio of 25.37 and a beta of 0.68.

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.