19,898 Shares in Capital Group Core Balanced ETF (NYSEARCA:CGBL) Bought by Pines Wealth Management LLC

Pines Wealth Management LLC purchased a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the 4th quarter, HoldingsChannel reports. The fund purchased 19,898 shares of the company’s stock, valued at approximately $617,000.

Several other hedge funds also recently added to or reduced their stakes in CGBL. Advance Capital Management Inc. boosted its position in shares of Capital Group Core Balanced ETF by 3.1% in the fourth 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. Envestnet Asset Management Inc. lifted its position in Capital Group Core Balanced ETF by 1,230.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,154,454 shares of the company’s stock worth $34,322,000 after acquiring an additional 1,067,655 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Capital Group Core Balanced ETF by 120.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,153,227 shares of the company’s stock worth $35,808,000 after acquiring an additional 630,992 shares during the period. ST Germain D J Co. Inc. grew its position in Capital Group Core Balanced ETF by 22.3% in 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 acquiring an additional 104,540 shares in the last quarter. Finally, Raymond James & Associates raised its stake 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 valued at $15,264,000 after purchasing an additional 472,619 shares during the period.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL stock opened at $31.06 on Wednesday. The firm has a fifty day simple moving average of $31.67 and a 200-day simple moving average of $30.95. Capital Group Core Balanced ETF has a twelve month low of $26.96 and a twelve month high of $32.48.

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.