Meridian Wealth Management LLC Buys 28,928 Shares of Capital Group Core Bond ETF $CGCB

Meridian Wealth Management LLC lifted its stake in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 41.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,958 shares of the company’s stock after buying an additional 28,928 shares during the period. Meridian Wealth Management LLC’s holdings in Capital Group Core Bond ETF were worth $2,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CGCB. IFP Advisors Inc boosted its stake in shares of Capital Group Core Bond ETF by 473.1% in the third quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock valued at $28,000 after buying an additional 880 shares during the period. Clearstead Trust LLC bought a new stake in Capital Group Core Bond ETF during the third quarter worth $37,000. Huntington National Bank bought a new stake in Capital Group Core Bond ETF during the third quarter worth $54,000. EverSource Wealth Advisors LLC bought a new stake in Capital Group Core Bond ETF during the third quarter worth $67,000. Finally, Fifth Third Bancorp bought a new stake in Capital Group Core Bond ETF during the fourth quarter worth $98,000.

Capital Group Core Bond ETF Stock Performance

NYSEARCA CGCB opened at $26.16 on Wednesday. The business has a fifty day moving average price of $26.38 and a two-hundred day moving average price of $26.55. Capital Group Core Bond ETF has a fifty-two week low of $25.71 and a fifty-two week high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.086 per share. The ex-dividend date was Friday, February 27th. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.9%.

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.