Capital Group Core Balanced ETF $CGBL Stock: Aprio Wealth Management LLC Lowers Stake

Aprio Wealth Management LLC trimmed its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,655,176 shares of the company’s stock after selling 33,179 shares during the quarter. Capital Group Core Balanced ETF accounts for approximately 2.8% of Aprio Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. Aprio Wealth Management LLC owned 0.78% of Capital Group Core Balanced ETF worth $60,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CGBL. Parkside Financial Bank & Trust purchased a new stake in shares of Capital Group Core Balanced ETF in the second quarter worth approximately $33,000. Anchor Investment Management LLC bought a new stake in shares of Capital Group Core Balanced ETF during the 1st quarter worth approximately $43,000. North Star Investment Management Corp. bought a new stake in shares of Capital Group Core Balanced ETF during the 3rd quarter worth approximately $74,000. CX Institutional purchased a new position in Capital Group Core Balanced ETF during the 3rd quarter valued at $78,000. Finally, CoreCap Advisors LLC boosted its holdings in Capital Group Core Balanced ETF by 130.9% during the 3rd quarter. CoreCap Advisors LLC now owns 2,122 shares of the company’s stock valued at $78,000 after acquiring an additional 1,203 shares during the period.

Capital Group Core Balanced ETF Stock Down 1.1%

Shares of Capital Group Core Balanced ETF stock opened at $36.69 on Friday. The stock’s fifty day moving average is $37.38 and its two-hundred day moving average is $36.89. The company has a market capitalization of $7.81 billion, a PE ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a 52 week low of $33.67 and a 52 week high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a dividend of $0.2056 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.2%. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. The ex-dividend date was Wednesday, September 30th.

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.