Capital Group Core Bond ETF (NYSEARCA:CGCB) Share Price Breaks Below 50-Day Moving Average – Should You Sell?

Capital Group Core Bond ETF (NYSEARCA:CGCB) shares passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $25.33 and traded as low as $25.19. Capital Group Core Bond ETF shares last traded at $25.20, with a volume of 3,881,000 shares traded.

Capital Group Core Bond ETF Stock Performance

The stock has a 50 day moving average of $25.33 and a 200-day moving average of $26.01.

Capital Group Core Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a dividend of $0.0951 per share. This represents a $1.14 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, October 30th. This is a negative change from Capital Group Core Bond ETF’s previous monthly dividend of $0.0956.

Hedge Funds Weigh In On Capital Group Core Bond ETF

A number of hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in Capital Group Core Bond ETF by 24.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 162,034 shares of the company’s stock worth $4,242,000 after buying an additional 32,226 shares during the period. KWB Wealth purchased a new stake in Capital Group Core Bond ETF in the 3rd quarter worth $10,032,000. Quadcap Wealth Management LLC raised its holdings in Capital Group Core Bond ETF by 13.1% during the first quarter. Quadcap Wealth Management LLC now owns 900,863 shares of the company’s stock valued at $23,657,000 after acquiring an additional 104,062 shares during the period. Cetera Investment Advisers raised its holdings in Capital Group Core Bond ETF by 17.7% during the first quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock valued at $103,263,000 after acquiring an additional 591,197 shares during the period. Finally, InTrack Investment Management Inc raised its holdings in Capital Group Core Bond ETF by 15.0% during the second quarter. InTrack Investment Management Inc now owns 157,103 shares of the company’s stock valued at $4,113,000 after acquiring an additional 20,469 shares during the period.

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.