Seamount Financial Group Inc. Acquires 16,636 Shares of Capital Group Core Balanced ETF $CGBL

Seamount Financial Group Inc. increased its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 6.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 274,750 shares of the company’s stock after purchasing an additional 16,636 shares during the period. Capital Group Core Balanced ETF makes up approximately 3.9% of Seamount Financial Group Inc.’s holdings, making the stock its 5th largest position. Seamount Financial Group Inc. owned 0.13% of Capital Group Core Balanced ETF worth $10,097,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CGBL. Parkside Financial Bank & Trust bought a new stake in Capital Group Core Balanced ETF during the 2nd quarter valued at approximately $33,000. Anchor Investment Management LLC acquired a new stake in Capital Group Core Balanced ETF in the 1st quarter valued at approximately $43,000. CX Institutional bought a new position in Capital Group Core Balanced ETF in the 3rd quarter worth approximately $78,000. CoreCap Advisors LLC increased its position in Capital Group Core Balanced ETF by 130.9% in the 3rd quarter. CoreCap Advisors LLC now owns 2,122 shares of the company’s stock worth $78,000 after buying an additional 1,203 shares during the period. Finally, One Day In July LLC bought a new position in Capital Group Core Balanced ETF in the 1st quarter worth approximately $202,000.

Capital Group Core Balanced ETF Stock Up 0.2%

Shares of CGBL stock opened at $37.00 on Thursday. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68. The firm has a market cap of $7.84 billion, a PE ratio of 25.37 and a beta of 0.70. The stock has a 50 day moving average of $37.57 and a 200-day moving average of $37.35.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a $0.2056 dividend. The ex-dividend date was Wednesday, September 30th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. This represents a $0.82 annualized dividend and a dividend yield of 2.2%.

About Capital Group Core Balanced ETF

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.