Truist Financial Corp Increases Holdings in Capital Group Core Balanced ETF $CGBL

Truist Financial Corp lifted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 27.1% in the 4th quarter, HoldingsChannel reports. The firm owned 127,251 shares of the company’s stock after purchasing an additional 27,164 shares during the quarter. Truist Financial Corp’s holdings in Capital Group Core Balanced ETF were worth $4,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Creekside Partners raised its stake in shares of Capital Group Core Balanced ETF by 230.6% in the third quarter. Creekside Partners now owns 41,185 shares of the company’s stock worth $1,430,000 after purchasing an additional 28,729 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its stake in shares of Capital Group Core Balanced ETF by 155.5% in the third quarter. Focus Partners Advisor Solutions LLC now owns 41,249 shares of the company’s stock worth $1,437,000 after purchasing an additional 25,105 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Capital Group Core Balanced ETF by 22.7% in the fourth quarter. Westside Investment Management Inc. now owns 146,270 shares of the company’s stock worth $5,168,000 after purchasing an additional 27,075 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of Capital Group Core Balanced ETF by 37.3% in the third quarter. Bleakley Financial Group LLC now owns 129,953 shares of the company’s stock worth $4,512,000 after purchasing an additional 35,271 shares during the last quarter. Finally, Valmark Advisers Inc. raised its stake in shares of Capital Group Core Balanced ETF by 28.7% in the fourth quarter. Valmark Advisers Inc. now owns 118,550 shares of the company’s stock worth $4,188,000 after purchasing an additional 26,424 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA:CGBL opened at $37.31 on Monday. Capital Group Core Balanced ETF has a 52-week low of $31.18 and a 52-week high of $37.40. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The business has a 50-day moving average price of $35.70 and a 200-day moving average price of $35.58.

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.