Capital Group Core Balanced ETF $CGBL Shares Purchased by KWB Wealth

KWB Wealth raised its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 38.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 925,891 shares of the company’s stock after purchasing an additional 254,970 shares during the period. Capital Group Core Balanced ETF comprises about 3.0% of KWB Wealth’s portfolio, making the stock its 5th largest holding. KWB Wealth owned approximately 0.50% of Capital Group Core Balanced ETF worth $35,147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Anchor Investment Management LLC acquired a new position in shares of Capital Group Core Balanced ETF in the 1st quarter valued at about $43,000. US Bancorp DE raised its stake in Capital Group Core Balanced ETF by 204.6% during the third quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after acquiring an additional 1,105 shares during the period. Creative Financial Designs Inc. ADV raised its stake in Capital Group Core Balanced ETF by 77.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock worth $81,000 after acquiring an additional 1,006 shares during the period. Godfrey Financial Associates Inc. bought a new position in Capital Group Core Balanced ETF in the fourth quarter worth about $84,000. Finally, Cascades Capital Asset Management LLC bought a new position in Capital Group Core Balanced ETF in the fourth quarter worth about $102,000.

Capital Group Core Balanced ETF Stock Down 0.2%

Shares of CGBL stock opened at $38.31 on Tuesday. The company has a market cap of $7.41 billion, a P/E ratio of 25.37 and a beta of 0.69. The business has a 50 day moving average of $37.60 and a two-hundred day moving average of $36.66. Capital Group Core Balanced ETF has a 52 week low of $33.56 and a 52 week high of $38.42.

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.