Summit Global Investments Has $311,000 Stock Position in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Summit Global Investments raised its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 47.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,932 shares of the company’s stock after purchasing an additional 3,188 shares during the quarter. Summit Global Investments’ holdings in Capital Group Core Balanced ETF were worth $311,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Financial Advocates Investment Management grew its stake in shares of Capital Group Core Balanced ETF by 3.0% in the 4th quarter. Financial Advocates Investment Management now owns 15,234 shares of the company’s stock valued at $476,000 after buying an additional 440 shares in the last quarter. Lodestone Wealth Management LLC lifted its stake in Capital Group Core Balanced ETF by 5.9% in the fourth quarter. Lodestone Wealth Management LLC now owns 9,858 shares of the company’s stock valued at $308,000 after acquiring an additional 549 shares during the last quarter. Advisor OS LLC grew its position in Capital Group Core Balanced ETF by 4.0% in the fourth quarter. Advisor OS LLC now owns 15,790 shares of the company’s stock worth $494,000 after acquiring an additional 612 shares in the last quarter. Davies Financial Advisors Inc. increased its stake in shares of Capital Group Core Balanced ETF by 1.3% during the 4th quarter. Davies Financial Advisors Inc. now owns 58,906 shares of the company’s stock worth $1,842,000 after purchasing an additional 780 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Capital Group Core Balanced ETF by 39.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,382 shares of the company’s stock valued at $106,000 after purchasing an additional 962 shares in the last quarter.

Capital Group Core Balanced ETF Trading Up 0.9 %

CGBL stock opened at $31.66 on Tuesday. The firm has a market cap of $1.82 billion, a PE ratio of 25.90 and a beta of 0.76. Capital Group Core Balanced ETF has a 1 year low of $27.94 and a 1 year high of $32.65. The company has a fifty day simple moving average of $31.86 and a 200 day simple moving average of $31.56.

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.