Truist Financial Corp Has $2.69 Million Stake in Capital Group Core Bond ETF $CGCB

Truist Financial Corp lifted its stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 43.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 101,488 shares of the company’s stock after buying an additional 30,934 shares during the quarter. Truist Financial Corp owned about 0.07% of Capital Group Core Bond ETF worth $2,691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Capital International Investors grew its position in shares of Capital Group Core Bond ETF by 92.3% during the 3rd quarter. Capital International Investors now owns 19,008,607 shares of the company’s stock worth $505,249,000 after buying an additional 9,125,578 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Capital Group Core Bond ETF by 22.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,374,447 shares of the company’s stock worth $116,273,000 after buying an additional 797,548 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Capital Group Core Bond ETF by 8.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,791,373 shares of the company’s stock worth $100,775,000 after buying an additional 286,834 shares during the period. Raymond James Financial Inc. grew its position in shares of Capital Group Core Bond ETF by 2.7% during the 3rd quarter. Raymond James Financial Inc. now owns 2,212,612 shares of the company’s stock worth $58,811,000 after buying an additional 58,984 shares during the period. Finally, Johnson Bixby & Associates LLC grew its position in shares of Capital Group Core Bond ETF by 14,622.3% during the 4th quarter. Johnson Bixby & Associates LLC now owns 2,044,780 shares of the company’s stock worth $54,228,000 after buying an additional 2,030,891 shares during the period.

Capital Group Core Bond ETF Price Performance

NYSEARCA CGCB opened at $26.16 on Wednesday. The company has a fifty day simple moving average of $26.38 and a 200 day simple moving average of $26.55. Capital Group Core Bond ETF has a 12-month low of $25.71 and a 12-month high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a dividend of $0.086 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.9%. 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.