Modern Wealth Management LLC Invests $318,000 in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Modern Wealth Management LLC acquired a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 9,817 shares of the company’s stock, valued at approximately $318,000. Modern Wealth Management LLC owned 0.07% of Capital Group Core Balanced ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 50.7% in the 4th quarter. LPL Financial LLC now owns 3,787,433 shares of the company’s stock valued at $118,433,000 after purchasing an additional 1,274,153 shares during the last quarter. Advance Capital Management Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 3.1% in the 4th quarter. Advance Capital Management Inc. now owns 2,160,553 shares of the company’s stock valued at $67,561,000 after purchasing an additional 65,778 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Capital Group Core Balanced ETF by 38.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,232,842 shares of the company’s stock valued at $38,551,000 after acquiring an additional 343,818 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Capital Group Core Balanced ETF during the 4th quarter worth $26,385,000. Finally, ST Germain D J Co. Inc. raised its position in Capital Group Core Balanced ETF by 22.3% during the fourth quarter. ST Germain D J Co. Inc. now owns 573,172 shares of the company’s stock worth $17,923,000 after acquiring an additional 104,540 shares during the last quarter.

Capital Group Core Balanced ETF Trading Down 0.4 %

Capital Group Core Balanced ETF stock opened at $31.31 on Friday. The stock has a market cap of $1.80 billion, a PE ratio of 25.90 and a beta of 0.76. 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 50-day moving average price of $31.87 and a 200 day moving average price of $31.57.

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.