Truist Financial Corp Boosts Stock Holdings in Capital Group Core Bond ETF $CGCB

Truist Financial Corp grew its position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 43.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,488 shares of the company’s stock after acquiring an additional 30,934 shares during the quarter. Truist Financial Corp’s holdings in Capital Group Core Bond ETF were worth $2,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in Capital Group Core Bond ETF by 473.1% during the 3rd quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock worth $28,000 after acquiring an additional 880 shares during the last quarter. Clearstead Trust LLC purchased a new position in Capital Group Core Bond ETF during the 3rd quarter worth $37,000. Huntington National Bank purchased a new position in Capital Group Core Bond ETF during the 3rd quarter worth $54,000. EverSource Wealth Advisors LLC purchased a new position in Capital Group Core Bond ETF during the 3rd quarter worth $67,000. Finally, Fifth Third Bancorp purchased a new position in Capital Group Core Bond ETF during the 4th quarter worth $98,000.

Capital Group Core Bond ETF Stock Down 0.2%

CGCB opened at $26.16 on Wednesday. The firm’s fifty day moving average price is $26.38 and its two-hundred day moving average price is $26.55. Capital Group Core Bond ETF has a 1 year low of $25.71 and a 1 year 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. Stockholders of record on Friday, February 27th were paid a dividend of $0.086 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, February 27th. This is a positive change from Capital Group Core Bond ETF’s previous monthly dividend of $0.07.

Capital Group Core Bond ETF 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.