Sun Financial Inc Invests $1.30 Million in Capital Group Core Bond ETF $CGCB

Sun Financial Inc bought a new position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCBFree Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 49,062 shares of the company’s stock, valued at approximately $1,301,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CGCB. IFP Advisors Inc grew its holdings in Capital Group Core Bond ETF by 473.1% during the 3rd quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock worth $28,000 after acquiring an additional 880 shares in the last quarter. Clearstead Trust LLC bought a new position in Capital Group Core Bond ETF during the 3rd quarter worth about $37,000. Huntington National Bank bought a new position in Capital Group Core Bond ETF during the 3rd quarter worth about $54,000. EverSource Wealth Advisors LLC bought a new position in Capital Group Core Bond ETF during the 3rd quarter worth about $67,000. Finally, Fifth Third Bancorp bought a new position in Capital Group Core Bond ETF during the 4th quarter worth about $98,000.

Capital Group Core Bond ETF Stock Performance

NYSEARCA:CGCB opened at $26.22 on Monday. Capital Group Core Bond ETF has a fifty-two week low of $25.71 and a fifty-two week high of $26.91. The company’s 50-day simple moving average is $26.46 and its 200-day simple moving average is $26.57.

Capital Group Core Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a $0.086 dividend. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.07.

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.

See Also

Institutional Ownership by Quarter for Capital Group Core Bond ETF (NYSEARCA:CGCB)

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