Essex Financial Services Inc. Buys 24,270 Shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Essex Financial Services Inc. grew its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 134.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,328 shares of the company’s stock after buying an additional 24,270 shares during the quarter. Essex Financial Services Inc.’s holdings in Capital Group Core Balanced ETF were worth $1,324,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CGBL. 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 buying an additional 630,992 shares during the period. Raymond James & Associates boosted its stake in shares of Capital Group Core Balanced ETF by 2,489.3% in the third quarter. Raymond James & Associates now owns 491,605 shares of the company’s stock worth $15,264,000 after acquiring an additional 472,619 shares during the period. Private Advisor Group LLC boosted its stake in shares of Capital Group Core Balanced ETF by 300.1% in the third quarter. Private Advisor Group LLC now owns 263,295 shares of the company’s stock worth $8,175,000 after acquiring an additional 197,484 shares during the period. Confluence Wealth Services Inc. grew its position in shares of Capital Group Core Balanced ETF by 252.5% during the fourth quarter. Confluence Wealth Services Inc. now owns 214,999 shares of the company’s stock worth $6,923,000 after purchasing an additional 154,001 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in Capital Group Core Balanced ETF during the 4th quarter valued at approximately $3,842,000.

Capital Group Core Balanced ETF Stock Performance

CGBL stock opened at $32.37 on Wednesday. Capital Group Core Balanced ETF has a 1-year low of $27.66 and a 1-year high of $32.65. The business has a 50 day simple moving average of $31.81 and a two-hundred day simple moving average of $31.20.

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.