Southern Style Financial Inc. Takes $17.99 Million Position in Capital Group Core Bond ETF (NYSEARCA:CGCB)

Posted by Joseph Casey on Jan 29th, 2025

Southern Style Financial Inc. bought a new stake in Capital Group Core Bond ETF (NYSEARCA:CGCB – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 697,633 shares of the company’s stock, valued at approximately $17,992,000. Capital Group Core Bond ETF accounts for about 14.6% of Southern Style Financial Inc.’s portfolio, making the stock its 2nd largest position. Southern Style Financial Inc. owned 7.67% of Capital Group Core Bond ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGCB. Private Trust Co. NA acquired a new stake in shares of Capital Group Core Bond ETF in the third quarter worth $46,000. Creative Financial Designs Inc. ADV boosted its holdings in Capital Group Core Bond ETF by 993.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,547 shares of the company’s stock valued at $69,000 after purchasing an additional 2,314 shares during the last quarter. Armstrong Fleming & Moore Inc acquired a new stake in Capital Group Core Bond ETF during the 3rd quarter worth about $205,000. Johnson Bixby & Associates LLC purchased a new position in shares of Capital Group Core Bond ETF during the 4th quarter valued at about $213,000. Finally, Kovack Advisors Inc. acquired a new position in shares of Capital Group Core Bond ETF in the 3rd quarter valued at about $216,000.

Capital Group Core Bond ETF Stock Up 0.0 %

Capital Group Core Bond ETF stock opened at $25.94 on Wednesday. The business’s 50-day moving average price is $25.95 and its 200 day moving average price is $26.36. Capital Group Core Bond ETF has a 52 week low of $25.21 and a 52 week high of $27.24.

Capital Group Core Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were paid a dividend of $0.084 per share. The ex-dividend date was Friday, November 29th.

Capital Group Core Bond ETF Profile

(Free Report)

The Capital Group Core Bond ETF (CGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in US and non-US bonds rated as investment grade. Holdings may also include other debt securities and derivatives. CGCB was launched on Sep 26, 2023 and is issued by Capital Group.