KWB Wealth Raises Stock Position in Capital Group Core Balanced ETF $CGBL

KWB Wealth increased its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 84.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 673,458 shares of the company’s stock after acquiring an additional 307,615 shares during the period. Capital Group Core Balanced ETF makes up about 2.3% of KWB Wealth’s holdings, making the stock its 11th biggest position. KWB Wealth owned 0.53% of Capital Group Core Balanced ETF worth $23,793,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE boosted its holdings in Capital Group Core Balanced ETF by 204.6% in the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after purchasing an additional 1,105 shares during the period. Allworth Financial LP increased its holdings in shares of Capital Group Core Balanced ETF by 6.7% in the third quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock worth $173,000 after purchasing an additional 311 shares during the period. M.E. Allison & CO. Inc. purchased a new stake in shares of Capital Group Core Balanced ETF in the third quarter worth $207,000. Orion Porfolio Solutions LLC purchased a new stake in shares of Capital Group Core Balanced ETF in the second quarter worth $214,000. Finally, IFG Advisory LLC bought a new stake in Capital Group Core Balanced ETF during the third quarter valued at $218,000.

Capital Group Core Balanced ETF Stock Up 1.0%

Capital Group Core Balanced ETF stock opened at $34.57 on Tuesday. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The business has a 50-day simple moving average of $36.00 and a 200 day simple moving average of $35.37. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $36.71.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.2251 per share. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a dividend yield of 2.6%.

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.