Integrated Wealth Concepts LLC Increases Stock Holdings in Capital Group Core Balanced ETF $CGBL

Integrated Wealth Concepts LLC raised its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 21.0% in the second quarter, HoldingsChannel reports. The firm owned 274,113 shares of the company’s stock after buying an additional 47,582 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Capital Group Core Balanced ETF were worth $10,405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Kestra Investment Management LLC lifted its stake in shares of Capital Group Core Balanced ETF by 1.1% in the 4th quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock worth $898,000 after purchasing an additional 276 shares during the period. Vermillion & White Wealth Management Group LLC grew its position in Capital Group Core Balanced ETF by 3.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock valued at $318,000 after buying an additional 286 shares during the period. Beacon Financial Advisory LLC grew its position in Capital Group Core Balanced ETF by 0.8% during the fourth quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock valued at $1,530,000 after buying an additional 337 shares during the period. Simplicity Wealth LLC grew its position in Capital Group Core Balanced ETF by 4.4% during the first quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock valued at $300,000 after buying an additional 367 shares during the period. Finally, Harmony Asset Management LLC increased its holdings in Capital Group Core Balanced ETF by 7.0% during the first quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock valued at $218,000 after buying an additional 414 shares during the last quarter.

Capital Group Core Balanced ETF Trading Down 1.0%

CGBL opened at $37.47 on Friday. The firm’s 50 day simple moving average is $37.83 and its two-hundred day simple moving average is $36.97. The company has a market capitalization of $7.24 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1-year low of $33.67 and a 1-year high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a $0.1634 dividend. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, June 30th. This represents a $0.65 annualized dividend and a dividend yield of 1.7%.

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.