Capital Group Core Balanced ETF Buys Johnson & Johnson, Sells Apollo Global Management
What happened
On October 16, the Capital Group Core Balanced ETF generated gross ETF activity of $137.4 million. The fund made its largest single purchase by acquiring a new stake in Johnson & Johnson, valued at $35.7 million. Conversely, the ETF sold shares of Apollo Global Management, which accounted for a $7.1 million disposal.
Why it matters
The fund manages $7.90 billion in assets, and its large-scale buying and selling of major holdings like Johnson & Johnson and Apollo Global Management reflects institutional capital shifts. These movements can influence market sentiment and the valuation of the companies involved.
Who's involved
- Johnson & JohnsonA company whose stock was acquired by the Capital Group Core Balanced ETF.
- Apollo Global ManagementA company whose stock was disposed of by the Capital Group Core Balanced ETF.
Keep exploring
The entities involved
-
Johnson & Johnson
U.S multinational medical devices, pharmaceutical and consumer packaged goods manufacturer
-
Broadcom
American semiconductor manufacturer
-
Apollo Global Management
American private equity firm
Related events
- An analyst reviewed Broadcom's share price, noting that Nvidia, Broadcom, Microsoft, and Meta are all major AI-related mega-cap technology stocks.
- Johnson & Johnson and Mastercard are currently top holdings within the JEPI investment fund.
- Broadcom announced a $35 billion financing partnership with Apollo Global Management.
- Qualcomm and Broadcom are both active participants in the semiconductor markets.
- Broadcom and Applied Materials are semiconductor industry players both listed on the Nasdaq exchange.