LPL Financial LLC Increases Stock Position in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

LPL Financial LLC increased its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 50.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,787,433 shares of the company’s stock after purchasing an additional 1,274,153 shares during the period. LPL Financial LLC owned approximately 0.27% of Capital Group Core Balanced ETF worth $118,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV bought a new stake in Capital Group Core Balanced ETF in the 4th quarter worth approximately $41,000. Global Retirement Partners LLC boosted its stake in shares of Capital Group Core Balanced ETF by 420.8% in the 4th quarter. Global Retirement Partners LLC now owns 2,484 shares of the company’s stock worth $78,000 after buying an additional 2,007 shares during the last quarter. Hobbs Group Advisors LLC boosted its stake in shares of Capital Group Core Balanced ETF by 257.4% in the 3rd quarter. Hobbs Group Advisors LLC now owns 3,217 shares of the company’s stock worth $100,000 after buying an additional 2,317 shares during the last quarter. Allworth Financial LP purchased a new stake in Capital Group Core Balanced ETF during the fourth quarter valued at $105,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Capital Group Core Balanced ETF by 39.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,382 shares of the company’s stock valued at $106,000 after acquiring an additional 962 shares during the period.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA:CGBL opened at $31.66 on Tuesday. Capital Group Core Balanced ETF has a 52-week low of $27.94 and a 52-week high of $32.65. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 25.90 and a beta of 0.76. The stock’s 50-day simple moving average is $31.86 and its two-hundred day simple moving average is $31.56.

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.