Capital Group Core Bond ETF (NYSEARCA:CGCB) Reaches New 12-Month Low – What’s Next?

Capital Group Core Bond ETF (NYSEARCA:CGCB) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $25.41 and last traded at $25.45, with a volume of 1084442 shares changing hands. The stock had previously closed at $25.46.

Capital Group Core Bond ETF Price Performance

The stock has a 50-day moving average price of $25.84 and a 200 day moving average price of $26.13.

Capital Group Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were paid a $0.1071 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.1%. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.08.

Hedge Funds Weigh In On Capital Group Core Bond ETF

A number of large investors have recently added to or reduced their stakes in the stock. Clear Point Advisors Inc. boosted its stake in Capital Group Core Bond ETF by 89.3% during the 4th quarter. Clear Point Advisors Inc. now owns 55,614 shares of the company’s stock worth $1,475,000 after purchasing an additional 26,232 shares during the last quarter. Quadcap Wealth Management LLC raised its position in shares of Capital Group Core Bond ETF by 13.1% in the first quarter. Quadcap Wealth Management LLC now owns 900,863 shares of the company’s stock valued at $23,657,000 after buying an additional 104,062 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Capital Group Core Bond ETF by 30.4% in the fourth quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock worth $590,327,000 after buying an additional 5,195,824 shares in the last quarter. Sittner & Nelson LLC purchased a new position in shares of Capital Group Core Bond ETF in the fourth quarter worth about $701,000. Finally, Cetera Investment Advisers lifted its stake in shares of Capital Group Core Bond ETF by 17.7% in the first quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock worth $103,263,000 after buying an additional 591,197 shares in the last quarter.

Capital Group Core Bond ETF Company Profile

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.