Capital Group Core Bond ETF $CGCB Shares Bought by Stephens Inc. AR

Stephens Inc. AR boosted its stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 18.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 692,236 shares of the company’s stock after purchasing an additional 109,674 shares during the quarter. Stephens Inc. AR’s holdings in Capital Group Core Bond ETF were worth $18,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Capital Group Core Bond ETF by 473.1% in the third quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock valued at $28,000 after purchasing an additional 880 shares during the last quarter. Clearstead Trust LLC purchased a new position in Capital Group Core Bond ETF during the third quarter worth approximately $37,000. Huntington National Bank purchased a new position in Capital Group Core Bond ETF during the third quarter worth approximately $54,000. EverSource Wealth Advisors LLC purchased a new position in Capital Group Core Bond ETF during the third quarter worth approximately $67,000. Finally, Fifth Third Bancorp purchased a new position in Capital Group Core Bond ETF during the fourth quarter worth approximately $98,000.

Capital Group Core Bond ETF Stock Down 0.7%

NYSEARCA:CGCB opened at $25.98 on Friday. Capital Group Core Bond ETF has a fifty-two week low of $25.71 and a fifty-two week high of $26.91. The firm’s 50 day moving average is $26.35 and its two-hundred day moving average is $26.53.

Capital Group Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.086 per share. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend 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.