NewEdge Advisors LLC Acquires 59,864 Shares of Capital Group Core Balanced ETF $CGBL

NewEdge Advisors LLC increased its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 18.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 389,002 shares of the company’s stock after purchasing an additional 59,864 shares during the period. NewEdge Advisors LLC owned approximately 0.23% of Capital Group Core Balanced ETF worth $13,386,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CGBL. Anchor Investment Management LLC acquired a new position in Capital Group Core Balanced ETF in the first quarter valued at approximately $43,000. US Bancorp DE grew its position in shares of Capital Group Core Balanced ETF by 204.6% during the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after buying an additional 1,105 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Capital Group Core Balanced ETF by 77.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after acquiring an additional 1,006 shares in the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter valued at $84,000. Finally, Cascades Capital Asset Management LLC acquired a new position in shares of Capital Group Core Balanced ETF during the 4th quarter valued at $102,000.

Capital Group Core Balanced ETF Stock Up 0.6%

Capital Group Core Balanced ETF stock opened at $38.39 on Friday. The company has a market capitalization of $7.42 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 12-month low of $33.56 and a 12-month high of $38.42. The firm’s fifty day moving average is $37.59 and its 200 day moving average is $36.64.

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.