NWF Advisory Services Inc. Boosts Stake in Capital Group Core Balanced ETF $CGBL

NWF Advisory Services Inc. raised its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 86.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,957 shares of the company’s stock after purchasing an additional 43,970 shares during the quarter. NWF Advisory Services Inc.’s holdings in Capital Group Core Balanced ETF were worth $3,605,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new position in Capital Group Core Balanced ETF during the first quarter valued at approximately $43,000. US Bancorp DE lifted its holdings 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 valued at $57,000 after acquiring an additional 1,105 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in Capital Group Core Balanced ETF by 77.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock worth $81,000 after purchasing an additional 1,006 shares during the period. Godfrey Financial Associates Inc. acquired a new stake in Capital Group Core Balanced ETF in the 4th quarter valued at $84,000. Finally, Cascades Capital Asset Management LLC purchased a new position in Capital Group Core Balanced ETF in the fourth quarter valued at about $102,000.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL opened at $38.15 on Friday. The stock’s 50-day moving average is $37.82 and its two-hundred day moving average is $36.91. The stock has a market cap of $7.37 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a dividend of $0.1634 per share. This represents a $0.65 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13.

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.