Independent Advisor Alliance Takes Position in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Independent Advisor Alliance purchased a new position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,677 shares of the company’s stock, valued at approximately $1,897,000. Independent Advisor Alliance owned 0.43% of Capital Group Core Balanced ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Advance Capital Management Inc. grew its position 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 worth $67,561,000 after buying an additional 65,778 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Capital Group Core Balanced ETF during the fourth quarter valued at approximately $26,385,000. ST Germain D J Co. Inc. lifted its holdings in shares of 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 valued at $17,923,000 after purchasing an additional 104,540 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Capital Group Core Balanced ETF by 20.9% in the 4th quarter. Private Advisor Group LLC now owns 318,296 shares of the company’s stock worth $9,953,000 after buying an additional 55,001 shares during the last quarter. Finally, MML Investors Services LLC increased its position in Capital Group Core Balanced ETF by 18.2% during the 3rd quarter. MML Investors Services LLC now owns 242,924 shares of the company’s stock valued at $7,543,000 after buying an additional 37,468 shares in the last quarter.

Capital Group Core Balanced ETF Trading Down 0.7 %

NYSEARCA CGBL opened at $30.81 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’s fifty day moving average price is $31.85 and its 200-day moving average price is $31.50. The stock has a market cap of $1.71 billion, a P/E ratio of 26.49 and a beta of 0.76.

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.