Capital Group Core Bond ETF (NYSEARCA:CGCB) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Capital Group Core Bond ETF (NYSEARCA:CGCB) shares passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $25.33 and traded as low as $25.19. Capital Group Core Bond ETF shares last traded at $25.20, with a volume of 3,881,000 shares trading hands.

Capital Group Core Bond ETF Stock Performance

The firm has a 50 day moving average of $25.33 and a 200-day moving average of $26.01.

Capital Group Core Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were issued 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 of this dividend was Friday, October 30th. This represents a $1.14 dividend on an annualized basis and a yield of 4.5%.

Hedge Funds Weigh In On Capital Group Core Bond ETF

Several hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its position in shares of Capital Group Core Bond ETF by 24.8% during the second quarter. Integrated Wealth Concepts LLC now owns 162,034 shares of the company’s stock worth $4,242,000 after acquiring an additional 32,226 shares during the last quarter. Quadcap Wealth Management LLC increased its holdings in Capital Group Core Bond ETF by 13.1% in the 1st quarter. Quadcap Wealth Management LLC now owns 900,863 shares of the company’s stock valued at $23,657,000 after acquiring an additional 104,062 shares during the last quarter. KWB Wealth bought a new stake in Capital Group Core Bond ETF in the 3rd quarter valued at $10,032,000. Cetera Investment Advisers lifted its stake in Capital Group Core Bond ETF by 17.7% in the 1st quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock worth $103,263,000 after purchasing an additional 591,197 shares in the last quarter. Finally, InTrack Investment Management Inc boosted its holdings in shares of Capital Group Core Bond ETF by 15.0% during the 2nd quarter. InTrack Investment Management Inc now owns 157,103 shares of the company’s stock valued at $4,113,000 after purchasing an additional 20,469 shares during the last quarter.

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.