CWS Financial Advisors LLC Boosts Stock Position in Capital Group Core Balanced ETF $CGBL

CWS Financial Advisors LLC raised its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 12.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 120,953 shares of the company’s stock after acquiring an additional 13,704 shares during the quarter. Capital Group Core Balanced ETF makes up 1.1% of CWS Financial Advisors LLC’s holdings, making the stock its 16th largest holding. CWS Financial Advisors LLC’s holdings in Capital Group Core Balanced ETF were worth $4,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGBL. Wells Fargo & Company MN lifted its position in shares of Capital Group Core Balanced ETF by 191.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock worth $163,300,000 after purchasing an additional 3,033,933 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Capital Group Core Balanced ETF by 27.7% in the fourth quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares during the last quarter. Aprio Wealth Management LLC purchased a new position in Capital Group Core Balanced ETF in the 4th quarter worth about $63,960,000. J. Derek Lewis & Associates Inc. purchased a new position in Capital Group Core Balanced ETF in the 4th quarter worth about $40,500,000. Finally, Cetera Investment Advisers increased its stake in Capital Group Core Balanced ETF by 40.1% in the 4th quarter. Cetera Investment Advisers now owns 3,325,254 shares of the company’s stock worth $117,481,000 after buying an additional 952,356 shares during the period.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL opened at $37.74 on Friday. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a 1-year low of $33.25 and a 1-year high of $38.20. The company has a 50-day moving average of $37.37 and a 200 day moving average of $36.32.

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.