Davies Financial Advisors Inc. Takes $1.16 Million Position in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Davies Financial Advisors Inc. acquired a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,838 shares of the company’s stock, valued at approximately $1,155,000. Capital Group Core Balanced ETF makes up approximately 1.1% of Davies Financial Advisors Inc.’s portfolio, making the stock its 21st biggest position. Davies Financial Advisors Inc. owned 0.27% of Capital Group Core Balanced ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Moloney Securities Asset Management LLC raised its holdings in Capital Group Core Balanced ETF by 40.5% in the second quarter. Moloney Securities Asset Management LLC now owns 22,477 shares of the company’s stock worth $668,000 after purchasing an additional 6,480 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Capital Group Core Balanced ETF by 539.7% during the second quarter. Ameritas Advisory Services LLC now owns 86,153 shares of the company’s stock valued at $2,561,000 after acquiring an additional 72,686 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 71.7% during the second quarter. Harbour Investments Inc. now owns 128,842 shares of the company’s stock valued at $3,830,000 after acquiring an additional 53,789 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 37.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 679,132 shares of the company’s stock valued at $20,191,000 after acquiring an additional 185,251 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of Capital Group Core Balanced ETF during the second quarter valued at about $359,000.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL traded up $0.16 during mid-day trading on Friday, hitting $30.74. 217,203 shares of the company traded hands, compared to its average volume of 214,440. Capital Group Core Balanced ETF has a 1-year low of $24.23 and a 1-year high of $31.60. The business has a 50 day moving average of $30.04 and a 200 day moving average of $29.24.

Capital Group Core Balanced ETF 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.