PCG Wealth Advisors LLC Purchases New Position in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

PCG Wealth Advisors LLC purchased a new stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,609 shares of the company’s stock, valued at approximately $832,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advance Capital Management Inc. boosted its stake in Capital Group Core Balanced ETF by 3.1% during the fourth quarter. Advance Capital Management Inc. now owns 2,160,553 shares of the company’s stock valued at $67,561,000 after buying an additional 65,778 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in 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 purchasing an additional 630,992 shares during the period. ST Germain D J Co. Inc. raised its position in 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 period. Raymond James & Associates raised its position in 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 valued at $15,264,000 after purchasing an additional 472,619 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in Capital Group Core Balanced ETF during the second quarter valued at approximately $11,903,000.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL stock opened at $32.28 on Friday. Capital Group Core Balanced ETF has a 1 year low of $27.54 and a 1 year high of $32.48. The stock’s 50 day simple moving average is $31.67 and its two-hundred day simple moving average is $31.02.

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.