Strategic Financial Concepts LLC Acquires Shares of 60,300 Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Strategic Financial Concepts LLC acquired a new stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the fourth quarter, HoldingsChannel reports. The fund acquired 60,300 shares of the company’s stock, valued at approximately $1,886,000.

A number of other hedge funds have also added to or reduced their stakes in CGBL. Advance Capital Management Inc. grew its position in shares of Capital Group Core Balanced ETF by 3.1% in the 4th 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. Wealth Enhancement Advisory Services LLC grew its position in shares of 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. ST Germain D J Co. Inc. grew its position in shares of Capital Group Core Balanced ETF by 22.3% in the 4th quarter. ST Germain D J Co. Inc. now owns 573,172 shares of the company’s stock worth $17,923,000 after buying an additional 104,540 shares during the period. Raymond James & Associates grew its position in shares of Capital Group Core Balanced ETF by 2,489.3% in the 3rd quarter. Raymond James & Associates now owns 491,605 shares of the company’s stock worth $15,264,000 after buying an additional 472,619 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Capital Group Core Balanced ETF by 300.1% in the 3rd quarter. Private Advisor Group LLC now owns 263,295 shares of the company’s stock worth $8,175,000 after buying an additional 197,484 shares during the period.

Capital Group Core Balanced ETF Stock Up 0.5 %

NYSEARCA:CGBL opened at $32.44 on Tuesday. Capital Group Core Balanced ETF has a 1-year low of $27.66 and a 1-year high of $32.65. The firm’s 50-day moving average price is $31.80 and its 200-day moving average price is $31.18.

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.