D.A. Davidson & CO. Grows Position in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

D.A. Davidson & CO. raised its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 9.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,553 shares of the company’s stock after acquiring an additional 16,921 shares during the quarter. D.A. Davidson & CO.’s holdings in Capital Group Core Balanced ETF were worth $6,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Valmark Advisers Inc. raised its holdings in Capital Group Core Balanced ETF by 1.6% in the 3rd quarter. Valmark Advisers Inc. now owns 23,072 shares of the company’s stock valued at $716,000 after acquiring an additional 370 shares during the last quarter. Confluence Wealth Services Inc. lifted its position in Capital Group Core Balanced ETF by 0.7% during the third quarter. Confluence Wealth Services Inc. now owns 60,998 shares of the company’s stock worth $1,894,000 after buying an additional 428 shares during the period. Hobbs Group Advisors LLC acquired a new stake in Capital Group Core Balanced ETF in the 2nd quarter worth about $27,000. Private Trust Co. NA grew its holdings in Capital Group Core Balanced ETF by 28.0% in the 3rd quarter. Private Trust Co. NA now owns 6,591 shares of the company’s stock valued at $205,000 after buying an additional 1,441 shares during the period. Finally, Moloney Securities Asset Management LLC increased its stake in shares of Capital Group Core Balanced ETF by 7.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 24,249 shares of the company’s stock valued at $753,000 after acquiring an additional 1,772 shares during the last quarter.

Capital Group Core Balanced ETF Trading Down 0.1 %

Shares of CGBL stock opened at $31.78 on Thursday. Capital Group Core Balanced ETF has a 1-year low of $25.89 and a 1-year high of $32.03. The firm’s 50-day simple moving average is $31.36 and its 200-day simple moving average is $30.41.

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.