Werba Rubin Papier Wealth Management Increases Position in Capital Group Core Bond ETF $CGCB

Werba Rubin Papier Wealth Management increased its stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 3,078.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,811 shares of the company’s stock after purchasing an additional 284,568 shares during the quarter. Capital Group Core Bond ETF makes up 1.3% of Werba Rubin Papier Wealth Management’s holdings, making the stock its 15th largest position. Werba Rubin Papier Wealth Management owned 0.23% of Capital Group Core Bond ETF worth $7,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CGCB. Envestnet Asset Management Inc. raised its holdings in Capital Group Core Bond ETF by 28.0% in the second quarter. Envestnet Asset Management Inc. now owns 3,576,899 shares of the company’s stock worth $94,072,000 after purchasing an additional 782,472 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Core Bond ETF by 32.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,504,539 shares of the company’s stock valued at $92,169,000 after buying an additional 850,441 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Capital Group Core Bond ETF by 35.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,153,628 shares of the company’s stock worth $56,640,000 after buying an additional 564,095 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of Capital Group Core Bond ETF by 1,580.2% during the 3rd quarter. Merit Financial Group LLC now owns 1,935,910 shares of the company’s stock worth $51,456,000 after acquiring an additional 1,820,690 shares in the last quarter. Finally, Leverty Financial Group LLC raised its stake in shares of Capital Group Core Bond ETF by 9.8% during the 3rd quarter. Leverty Financial Group LLC now owns 1,566,844 shares of the company’s stock worth $41,646,000 after acquiring an additional 139,473 shares in the last quarter.

Capital Group Core Bond ETF Stock Performance

Shares of CGCB opened at $26.51 on Friday. Capital Group Core Bond ETF has a twelve month low of $25.57 and a twelve month high of $26.91. The company has a 50 day moving average of $26.58 and a two-hundred day moving average of $26.54.

Capital Group Core Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 30th will be given a $0.069 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%.

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.