Avantax Advisory Services Inc. Acquires 20,056 Shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Avantax Advisory Services Inc. raised its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 113.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 37,671 shares of the company’s stock after purchasing an additional 20,056 shares during the period. Avantax Advisory Services Inc.’s holdings in Capital Group Core Balanced ETF were worth $1,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CGBL. Prospera Financial Services Inc grew its position in Capital Group Core Balanced ETF by 30.1% in the third quarter. Prospera Financial Services Inc now owns 25,031 shares of the company’s stock valued at $777,000 after acquiring an additional 5,797 shares during the last quarter. CFS Investment Advisory Services LLC bought a new stake in shares of Capital Group Core Balanced ETF during the third quarter worth about $266,000. Kingsview Wealth Management LLC grew its holdings in shares of Capital Group Core Balanced ETF by 79.6% during the third quarter. Kingsview Wealth Management LLC now owns 46,383 shares of the company’s stock worth $1,440,000 after purchasing an additional 20,552 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Capital Group Core Balanced ETF by 28.0% during the third quarter. Private Trust Co. NA now owns 6,591 shares of the company’s stock worth $205,000 after purchasing an additional 1,441 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of Capital Group Core Balanced ETF by 9.5% during the third quarter. D.A. Davidson & CO. now owns 195,553 shares of the company’s stock worth $6,072,000 after purchasing an additional 16,921 shares during the last quarter.

Capital Group Core Balanced ETF Trading Up 0.9 %

NYSEARCA:CGBL opened at $31.44 on Thursday. The stock has a market cap of $1.75 billion, a P/E ratio of 26.49 and a beta of 0.76. The stock’s 50-day moving average is $31.84 and its 200-day moving average is $31.53. Capital Group Core Balanced ETF has a 1-year low of $27.94 and a 1-year high of $32.65.

Capital Group Core Balanced ETF Company 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.