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

LPL Financial LLC raised its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 50.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,787,433 shares of the company’s stock after buying an additional 1,274,153 shares during the quarter. LPL Financial LLC owned about 26.67% of Capital Group Core Balanced ETF worth $118,433,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CGBL. Creative Financial Designs Inc. ADV purchased a new position in shares of Capital Group Core Balanced ETF in the 4th quarter worth about $41,000. Global Retirement Partners LLC increased its stake in Capital Group Core Balanced ETF by 420.8% during the 4th quarter. Global Retirement Partners LLC now owns 2,484 shares of the company’s stock valued at $78,000 after purchasing an additional 2,007 shares in the last quarter. Hobbs Group Advisors LLC raised its holdings in Capital Group Core Balanced ETF by 257.4% in the third 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 bought a new position in shares of Capital Group Core Balanced ETF in the fourth quarter worth approximately $105,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Capital Group Core Balanced ETF by 39.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,382 shares of the company’s stock valued at $106,000 after buying an additional 962 shares during the last quarter.

Capital Group Core Balanced ETF Stock Up 0.9 %

Shares of NYSEARCA CGBL opened at $31.66 on Tuesday. The firm has a market cap of $1.82 billion, a P/E ratio of 25.90 and a beta of 0.76. Capital Group Core Balanced ETF has a twelve month low of $27.94 and a twelve month high of $32.65. The company has a 50 day moving average of $31.86 and a 200 day moving average of $31.56.

About Capital Group Core Balanced ETF

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.