Capital Group Core Bond ETF (NYSEARCA:CGCB) Hits New 12-Month Low – Here’s Why

Capital Group Core Bond ETF (NYSEARCA:CGCB – Get Free Report) shares reached a new 52-week low on Wednesday. The stock traded as low as $24.85 and last traded at $24.9240, with a volume of 29989 shares traded. The stock had previously closed at $24.98.

Capital Group Core Bond ETF Trading Down 0.1%

The business has a 50-day moving average price of $25.62 and a 200-day moving average price of $25.99.

Capital Group Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were paid a $0.0956 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.15 dividend on an annualized basis and a yield of 4.6%. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.0844.

Institutional Trading of Capital Group Core Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of CGCB. Advisortrust Partners LLC acquired a new position in shares of Capital Group Core Bond ETF in the first quarter worth about $27,000. Legacy Wealth Managment LLC ID acquired a new stake in shares of Capital Group Core Bond ETF during the first quarter valued at approximately $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Capital Group Core Bond ETF during the fourth quarter valued at approximately $43,000. Silver Oak Securities Incorporated purchased a new stake in shares of Capital Group Core Bond ETF in the 1st quarter valued at approximately $225,000. Finally, NWF Advisory Services Inc. purchased a new stake in shares of Capital Group Core Bond ETF in the 1st quarter valued at approximately $233,000.

Capital Group Core Bond ETF Company Profile

(Get 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.

Recommended Stories

Receive News & Ratings for Capital Group Core Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Core Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.