Cvfg LLC Buys Shares of 54,831 Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Cvfg LLC purchased a new position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the fourth quarter, Holdings Channel.com reports. The fund purchased 54,831 shares of the company’s stock, valued at approximately $1,715,000. Capital Group Core Balanced ETF accounts for 1.6% of Cvfg LLC’s holdings, making the stock its 20th largest position.

Several other hedge funds have also made changes to their positions in the stock. Advance Capital Management Inc. boosted its stake in Capital Group Core Balanced ETF by 3.1% during 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 during the period. Envestnet Asset Management Inc. increased its stake in shares of Capital Group Core Balanced ETF by 1,230.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,154,454 shares of the company’s stock valued at $34,322,000 after purchasing an additional 1,067,655 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Capital Group Core Balanced ETF by 120.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,153,227 shares of the company’s stock valued at $35,808,000 after buying an additional 630,992 shares during the last quarter. ST Germain D J Co. Inc. boosted its position 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 worth $17,923,000 after buying an additional 104,540 shares during the period. Finally, Raymond James & Associates boosted its position in shares of Capital Group Core Balanced ETF by 2,489.3% during the third quarter. Raymond James & Associates now owns 491,605 shares of the company’s stock worth $15,264,000 after buying an additional 472,619 shares during the period.

Capital Group Core Balanced ETF Stock Performance

CGBL opened at $31.52 on Friday. Capital Group Core Balanced ETF has a 12 month low of $26.96 and a 12 month high of $32.48. The stock’s 50 day moving average price is $31.66 and its 200 day moving average price is $30.95.

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.