Capital Group Core Bond ETF (NYSEARCA:CGCB) Sees Strong Trading Volume – Time to Buy?

Shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) saw strong trading volume on Tuesday . 2,364,491 shares changed hands during trading, an increase of 99% from the previous session’s volume of 1,187,836 shares.The stock last traded at $25.86 and had previously closed at $25.97.

Capital Group Core Bond ETF Stock Down 0.2%

The stock’s fifty day moving average price is $26.33 and its 200 day moving average price is $26.52.

Capital Group Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.086 dividend. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, February 27th.

Institutional Investors Weigh In On Capital Group Core Bond ETF

Several hedge funds have recently added to or reduced their stakes in CGCB. Hunter Associates Investment Management LLC boosted its holdings in shares of Capital Group Core Bond ETF by 4.6% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 9,130 shares of the company’s stock worth $244,000 after purchasing an additional 400 shares in the last quarter. Lantern Wealth Advisors LLC lifted its position in Capital Group Core Bond ETF by 4.9% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 9,104 shares of the company’s stock worth $242,000 after buying an additional 425 shares during the last quarter. Aurdan Capital Management LLC boosted its stake in Capital Group Core Bond ETF by 1.6% in the third quarter. Aurdan Capital Management LLC now owns 31,268 shares of the company’s stock worth $831,000 after buying an additional 482 shares in the last quarter. CWS Financial Advisors LLC boosted its stake in Capital Group Core Bond ETF by 1.8% in the third quarter. CWS Financial Advisors LLC now owns 30,759 shares of the company’s stock worth $818,000 after buying an additional 555 shares in the last quarter. Finally, Summit Global Investments grew its position in Capital Group Core Bond ETF by 4.2% during the first quarter. Summit Global Investments now owns 14,133 shares of the company’s stock valued at $371,000 after acquiring an additional 565 shares during the last quarter.

About Capital Group Core Bond ETF

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.