Commonwealth Equity Services LLC Purchases 343,818 Shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Commonwealth Equity Services LLC raised its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 38.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,232,842 shares of the company’s stock after purchasing an additional 343,818 shares during the period. Commonwealth Equity Services LLC owned about 8.68% of Capital Group Core Balanced ETF worth $38,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Avantax Advisory Services Inc. raised its position in Capital Group Core Balanced ETF by 113.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 37,671 shares of the company’s stock valued at $1,178,000 after purchasing an additional 20,056 shares in the last quarter. Bare Financial Services Inc raised its position in Capital Group Core Balanced ETF by 105.6% during the 4th quarter. Bare Financial Services Inc now owns 24,598 shares of the company’s stock valued at $769,000 after purchasing an additional 12,634 shares in the last quarter. PFG Advisors raised its position in shares of Capital Group Core Balanced ETF by 12.7% in the 4th quarter. PFG Advisors now owns 36,645 shares of the company’s stock worth $1,146,000 after acquiring an additional 4,134 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Capital Group Core Balanced ETF by 23.9% in the 4th quarter. HighTower Advisors LLC now owns 117,868 shares of the company’s stock worth $3,686,000 after acquiring an additional 22,740 shares in the last quarter. Finally, Independent Advisor Alliance bought a new position in shares of Capital Group Core Balanced ETF in the 4th quarter worth $1,897,000.

Capital Group Core Balanced ETF Trading Up 1.1 %

CGBL opened at $31.15 on Friday. The firm 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 has a 12 month low of $27.94 and a 12 month high of $32.65. The stock has a fifty day moving average price of $31.84 and a 200-day moving average price of $31.51.

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.