Capital Group Core Bond ETF (NYSEARCA:CGCB) Reaches New 1-Year Low – What’s Next?

Capital Group Core Bond ETF (NYSEARCA:CGCBGet Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $25.84 and last traded at $25.84, with a volume of 31681 shares. The stock had previously closed at $25.91.

Capital Group Core Bond ETF Trading Down 0.3%

The business has a 50-day moving average price of $26.12 and a 200-day moving average price of $26.36.

Institutional Investors Weigh In On Capital Group Core Bond ETF

Several institutional investors have recently added to or reduced their stakes in CGCB. Dynamic Advisor Solutions LLC raised its stake in shares of Capital Group Core Bond ETF by 0.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 138,294 shares of the company’s stock worth $3,621,000 after purchasing an additional 416 shares during the last quarter. Summit Global Investments raised its position in Capital Group Core Bond ETF by 4.2% during the 1st 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. Sigma Planning Corp raised its position in Capital Group Core Bond ETF by 2.2% during the 4th quarter. Sigma Planning Corp now owns 26,063 shares of the company’s stock worth $691,000 after buying an additional 567 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in Capital Group Core Bond ETF by 6.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 10,661 shares of the company’s stock worth $279,000 after buying an additional 663 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Capital Group Core Bond ETF by 473.1% during the 3rd quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock valued at $28,000 after acquiring an additional 880 shares during the period.

About Capital Group Core Bond ETF

(Get Free Report)

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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