Quadcap Wealth Management LLC Purchases 88,551 Shares of Capital Group Core Bond ETF $CGCB

Quadcap Wealth Management LLC increased its holdings in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 9.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,008,631 shares of the company’s stock after buying an additional 88,551 shares during the period. Capital Group Core Bond ETF accounts for approximately 2.3% of Quadcap Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Quadcap Wealth Management LLC owned approximately 0.38% of Capital Group Core Bond ETF worth $25,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CGCB. Commonwealth Equity Services LLC bought a new position in Capital Group Core Bond ETF in the 3rd quarter worth about $25,573,000. Gerber Kawasaki Wealth & Investment Management boosted its position in shares of Capital Group Core Bond ETF by 2,375.7% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 427,744 shares of the company’s stock valued at $10,685,000 after acquiring an additional 410,466 shares during the last quarter. Signature Equity Partners LLC bought a new stake in shares of Capital Group Core Bond ETF during the 3rd quarter valued at about $637,000. Strategic Family Wealth Counselors L.L.C. grew its holdings in shares of Capital Group Core Bond ETF by 2.6% during the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 380,027 shares of the company’s stock worth $9,493,000 after purchasing an additional 9,495 shares in the last quarter. Finally, Security Financial Services INC. grew its holdings in shares of Capital Group Core Bond ETF by 5.2% during the third quarter. Security Financial Services INC. now owns 24,330 shares of the company’s stock worth $608,000 after purchasing an additional 1,212 shares in the last quarter.

Capital Group Core Bond ETF Trading Up 0.2%

Shares of Capital Group Core Bond ETF stock opened at $25.58 on Friday. Capital Group Core Bond ETF has a 1 year low of $24.85 and a 1 year high of $26.90. The company has a 50 day simple moving average of $25.37 and a two-hundred day simple moving average of $26.04.

Capital Group Core Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were given a dividend of $0.0951 per share. This is a decrease from Capital Group Core Bond ETF’s previous monthly dividend of $0.0956. The ex-dividend date was Friday, October 30th. This represents a $1.14 annualized dividend and a dividend yield of 4.5%.

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.