Capital International Investors Acquires 9,125,578 Shares of Capital Group Core Bond ETF $CGCB

Capital International Investors lifted its holdings in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 92.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,008,607 shares of the company’s stock after acquiring an additional 9,125,578 shares during the quarter. Capital International Investors owned 0.15% of Capital Group Core Bond ETF worth $505,249,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Trust LLC acquired a new stake in Capital Group Core Bond ETF in the 3rd quarter worth about $37,000. Huntington National Bank acquired a new position in shares of Capital Group Core Bond ETF during the 3rd quarter worth approximately $54,000. EverSource Wealth Advisors LLC bought a new position in shares of Capital Group Core Bond ETF during the third quarter worth approximately $67,000. Marshall & Sterling Wealth Advisors Inc. increased its holdings in shares of Capital Group Core Bond ETF by 77.5% during the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,378 shares of the company’s stock worth $116,000 after purchasing an additional 1,912 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Capital Group Core Bond ETF by 23.3% in the second quarter. Bank of Montreal Can now owns 5,300 shares of the company’s stock valued at $139,000 after buying an additional 1,000 shares in the last quarter.

Capital Group Core Bond ETF Trading Down 0.4%

Shares of CGCB stock opened at $26.59 on Wednesday. The stock has a 50 day simple moving average of $26.64 and a 200 day simple moving average of $26.63. Capital Group Core Bond ETF has a 1 year low of $25.57 and a 1 year high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.086 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a yield of 3.9%. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.07.

Capital Group Core Bond ETF Company 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.