Capital Group Core Bond ETF (NYSEARCA:CGCB) Hits New 52-Week Low – What’s Next?

Capital Group Core Bond ETF (NYSEARCA:CGCB) reached a new 52-week low during trading on Wednesday. The stock traded as low as $24.85 and last traded at $24.9240, with a volume of 29989 shares traded. The stock had previously closed at $24.98.

Capital Group Core Bond ETF Stock Down 0.1%

The firm’s 50 day simple moving average is $25.62 and its 200 day simple moving average is $25.99.

Capital Group Core Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued a $0.0956 dividend. This is a positive change from Capital Group Core Bond ETF’s previous monthly dividend of $0.0844. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.15 dividend on an annualized basis and a yield of 4.6%.

Institutional Trading of Capital Group Core Bond ETF

Several large investors have recently added to or reduced their stakes in CGCB. Dynamic Advisor Solutions LLC boosted its holdings in Capital Group Core Bond ETF by 0.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 138,294 shares of the company’s stock worth $3,621,000 after buying an additional 416 shares in the last quarter. Summit Global Investments grew its position in Capital Group Core Bond ETF by 4.2% in the first quarter. Summit Global Investments now owns 14,133 shares of the company’s stock worth $371,000 after buying an additional 565 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of Capital Group Core Bond ETF by 6.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 10,661 shares of the company’s stock valued at $279,000 after buying an additional 663 shares in the last quarter. William Mack & Associates Inc. increased its holdings in shares of Capital Group Core Bond ETF by 7.6% in the second quarter. William Mack & Associates Inc. now owns 13,782 shares of the company’s stock valued at $361,000 after buying an additional 979 shares in the last quarter. Finally, Advisortrust Partners LLC acquired a new stake in shares of Capital Group Core Bond ETF during the 1st quarter valued at $27,000.

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.