Quadcap Wealth Management LLC lifted its position in Capital Group Core Bond ETF (NYSEARCA:CGCB – Free Report) by 9.6% in the third quarter, Holdings Channel.com reports. The firm owned 1,008,631 shares of the company’s stock after purchasing an additional 88,551 shares during the quarter. Capital Group Core Bond ETF makes up 2.3% of Quadcap Wealth Management LLC’s holdings, making the stock its 7th biggest holding. Quadcap Wealth Management LLC’s holdings in Capital Group Core Bond ETF were worth $25,196,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisortrust Partners LLC bought a new position in shares of Capital Group Core Bond ETF during the 1st quarter valued at about $27,000. Latitude Advisors LLC bought a new stake in Capital Group Core Bond ETF in the 3rd quarter worth approximately $27,000. Legacy Wealth Managment LLC ID bought a new stake in Capital Group Core Bond ETF in the 1st quarter worth approximately $37,000. Ashton Thomas Securities LLC bought a new stake in Capital Group Core Bond ETF in the 3rd quarter worth approximately $140,000. Finally, Fifth Third Securities Inc. purchased a new stake in Capital Group Core Bond ETF in the third quarter worth approximately $201,000.
Capital Group Core Bond ETF Stock Up 0.2%
Shares of CGCB opened at $25.58 on Friday. The stock has a 50 day simple moving average of $25.37 and a two-hundred day simple moving average of $26.04. Capital Group Core Bond ETF has a 1 year low of $24.85 and a 1 year high of $26.90.
Capital Group Core Bond ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a $0.0951 dividend. This is a drop from Capital Group Core Bond ETF’s previous monthly dividend of $0.0956. This represents a $1.14 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, October 30th.
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.
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Want to see what other hedge funds are holding CGCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Core Bond ETF (NYSEARCA:CGCB – Free Report).
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