Concurrent Investment Advisors LLC Raises Stake in Capital Group Core Bond ETF $CGCB

Concurrent Investment Advisors LLC grew its stake in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,444 shares of the company’s stock after buying an additional 2,788 shares during the period. Concurrent Investment Advisors LLC owned 0.13% of Capital Group Core Bond ETF worth $3,431,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Apollon Wealth Management LLC acquired a new position in Capital Group Core Bond ETF in the 2nd quarter valued at $744,000. Endeavor Private Wealth Inc. grew its stake in Capital Group Core Bond ETF by 27.6% in the 2nd quarter. Endeavor Private Wealth Inc. now owns 114,217 shares of the company’s stock valued at $3,004,000 after acquiring an additional 24,721 shares during the last quarter. MSH Capital Advisors LLC grew its stake in Capital Group Core Bond ETF by 24.5% in the 2nd quarter. MSH Capital Advisors LLC now owns 17,947 shares of the company’s stock valued at $472,000 after acquiring an additional 3,530 shares during the last quarter. InTrack Investment Management Inc acquired a new stake in Capital Group Core Bond ETF in the 2nd quarter valued at about $2,236,000. Finally, Valmark Advisers Inc. boosted its stake in shares of Capital Group Core Bond ETF by 2.4% during the 2nd quarter. Valmark Advisers Inc. now owns 876,546 shares of the company’s stock worth $23,053,000 after purchasing an additional 20,187 shares during the last quarter.

Capital Group Core Bond ETF Trading Up 0.2%

Shares of CGCB stock opened at $26.74 on Tuesday. Capital Group Core Bond ETF has a 1-year low of $25.44 and a 1-year high of $26.85. The firm’s 50-day simple moving average is $26.52 and its 200-day simple moving average is $26.24.

Capital Group Core Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were given a dividend of $0.0905 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Capital Group Core Bond ETF 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.