Flagship Harbor Advisors LLC Purchases 25,470 Shares of Capital Group Core Balanced ETF $CGBL

Flagship Harbor Advisors LLC raised its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 13.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,429 shares of the company’s stock after acquiring an additional 25,470 shares during the period. Flagship Harbor Advisors LLC owned approximately 0.20% of Capital Group Core Balanced ETF worth $7,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Allworth Financial LP lifted its position in shares of Capital Group Core Balanced ETF by 9.1% during the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after purchasing an additional 390 shares during the last quarter. Financial Perspectives Inc increased its position in Capital Group Core Balanced ETF by 225.9% in the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock worth $195,000 after buying an additional 4,035 shares during the period. Savvy Advisors Inc. acquired a new position in shares of Capital Group Core Balanced ETF during the second quarter worth approximately $203,000. M.E. Allison & CO. Inc. acquired a new position in shares of Capital Group Core Balanced ETF during the third quarter worth approximately $207,000. Finally, Onyx Bridge Wealth Group LLC acquired a new stake in shares of Capital Group Core Balanced ETF in the second quarter worth $210,000.

Capital Group Core Balanced ETF Trading Down 0.1%

Shares of CGBL stock opened at $35.93 on Thursday. The firm has a market capitalization of $4.85 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1 year low of $28.22 and a 1 year high of $36.55. The firm’s fifty day simple moving average is $35.75 and its 200 day simple moving average is $34.90.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.2251 per share. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, December 26th.

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.