Meridian Wealth Management LLC Has $2.62 Million Holdings in Capital Group Core Bond ETF $CGCB

Meridian Wealth Management LLC raised its position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 41.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,958 shares of the company’s stock after acquiring an additional 28,928 shares during the period. Meridian Wealth Management LLC owned approximately 0.07% of Capital Group Core Bond ETF worth $2,624,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its holdings in shares of Capital Group Core Bond ETF by 34.7% during the third quarter. Concurrent Investment Advisors LLC now owns 175,706 shares of the company’s stock worth $4,670,000 after acquiring an additional 45,262 shares during the period. Sunpointe LLC boosted its holdings in shares of Capital Group Core Bond ETF by 501.0% during the third quarter. Sunpointe LLC now owns 82,728 shares of the company’s stock worth $2,199,000 after acquiring an additional 68,964 shares during the period. Sovran Advisors LLC boosted its holdings in shares of Capital Group Core Bond ETF by 12.4% during the fourth quarter. Sovran Advisors LLC now owns 367,885 shares of the company’s stock worth $9,782,000 after acquiring an additional 40,652 shares during the period. Diversify Advisory Services LLC bought a new stake in shares of Capital Group Core Bond ETF during the fourth quarter worth approximately $1,281,000. Finally, Werba Rubin Papier Wealth Management boosted its holdings in shares of Capital Group Core Bond ETF by 3,078.7% during the third quarter. Werba Rubin Papier Wealth Management now owns 293,811 shares of the company’s stock worth $7,810,000 after acquiring an additional 284,568 shares during the period.

Capital Group Core Bond ETF Stock Performance

Shares of NYSEARCA:CGCB opened at $26.16 on Wednesday. Capital Group Core Bond ETF has a 12-month low of $25.71 and a 12-month high of $26.91. The business has a 50 day moving average of $26.38 and a 200-day moving average of $26.55.

Capital Group Core Bond ETF Increases Dividend

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

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.