Capital Group Core Bond ETF (NYSEARCA:CGCB – Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $25.84 and last traded at $25.84, with a volume of 31681 shares. The stock had previously closed at $25.91.
Capital Group Core Bond ETF Stock Down 0.3%
The company’s 50 day moving average is $26.12 and its 200 day moving average is $26.36.
Hedge Funds Weigh In On Capital Group Core Bond ETF
A number of institutional investors have recently modified their holdings of CGCB. UBS Group AG grew its stake in Capital Group Core Bond ETF by 63.5% in the fourth quarter. UBS Group AG now owns 344,151 shares of the company’s stock valued at $9,127,000 after purchasing an additional 133,670 shares during the last quarter. Cauble & Harre Wealth Management Inc. purchased a new stake in shares of Capital Group Core Bond ETF during the fourth quarter valued at about $1,218,000. Saxony Capital Management LLC boosted its holdings in shares of Capital Group Core Bond ETF by 49.6% in the 4th quarter. Saxony Capital Management LLC now owns 121,302 shares of the company’s stock valued at $3,217,000 after buying an additional 40,221 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of Capital Group Core Bond ETF by 5.2% in the 4th quarter. Merit Financial Group LLC now owns 2,035,628 shares of the company’s stock valued at $53,985,000 after buying an additional 99,718 shares in the last quarter. Finally, Sunpointe LLC grew its position in shares of Capital Group Core Bond ETF by 142.8% in the 4th quarter. Sunpointe LLC now owns 200,827 shares of the company’s stock worth $5,326,000 after buying an additional 118,099 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.
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