Raymond James Financial Inc. Makes New $26.39 Million Investment in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Raymond James Financial Inc. acquired a new position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 843,786 shares of the company’s stock, valued at approximately $26,385,000. Raymond James Financial Inc. owned approximately 5.94% of Capital Group Core Balanced ETF at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CGBL. Signature Estate & Investment Advisors LLC raised its holdings in Capital Group Core Balanced ETF by 155.6% in the third quarter. Signature Estate & Investment Advisors LLC now owns 30,889 shares of the company’s stock worth $959,000 after purchasing an additional 18,805 shares in the last quarter. RIA Advisory Group LLC bought a new position in Capital Group Core Balanced ETF in the third quarter worth $939,000. Prospera Financial Services Inc raised its holdings in Capital Group Core Balanced ETF by 30.1% in the third quarter. Prospera Financial Services Inc now owns 25,031 shares of the company’s stock worth $777,000 after purchasing an additional 5,797 shares in the last quarter. CFS Investment Advisory Services LLC bought a new position in Capital Group Core Balanced ETF in the third quarter worth $266,000. Finally, Kingsview Wealth Management LLC raised its holdings in Capital Group Core Balanced ETF by 79.6% in the third quarter. Kingsview Wealth Management LLC now owns 46,383 shares of the company’s stock worth $1,440,000 after purchasing an additional 20,552 shares in the last quarter.

Capital Group Core Balanced ETF Trading Up 1.1 %

CGBL opened at $31.15 on Friday. Capital Group Core Balanced ETF has a 12-month low of $27.94 and a 12-month high of $32.65. The stock has a fifty day simple moving average of $31.84 and a two-hundred day simple moving average of $31.51. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 26.49 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.