Modern Wealth Management LLC Makes New Investment in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Modern Wealth Management LLC bought a new stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,817 shares of the company’s stock, valued at approximately $318,000.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA grew its holdings in shares of Capital Group Core Balanced ETF by 28.0% in the 3rd quarter. Private Trust Co. NA now owns 6,591 shares of the company’s stock valued at $205,000 after buying an additional 1,441 shares during the period. D.A. Davidson & CO. grew its stake in Capital Group Core Balanced ETF by 9.5% in the third quarter. D.A. Davidson & CO. now owns 195,553 shares of the company’s stock valued at $6,072,000 after acquiring an additional 16,921 shares during the period. CWS Financial Advisors LLC increased its holdings in shares of Capital Group Core Balanced ETF by 83.1% in the third quarter. CWS Financial Advisors LLC now owns 29,017 shares of the company’s stock worth $901,000 after acquiring an additional 13,172 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Capital Group Core Balanced ETF by 37.8% during the 3rd quarter. Captrust Financial Advisors now owns 40,555 shares of the company’s stock valued at $1,259,000 after purchasing an additional 11,123 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in shares of Capital Group Core Balanced ETF in the 3rd quarter valued at approximately $2,770,000.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL opened at $31.31 on Friday. The firm’s 50 day moving average price is $31.87 and its two-hundred day moving average price is $31.57. Capital Group Core Balanced ETF has a twelve month low of $27.94 and a twelve month high of $32.65. The firm has a market cap of $1.80 billion, a P/E ratio of 25.90 and a beta of 0.76.

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.