Capital Group Core Bond ETF (NYSEARCA:CGCB) Declares Dividend Increase – $0.09 Per Share

Capital Group Core Bond ETF (NYSEARCA:CGCB) declared a monthly dividend on Thursday, February 26th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.086 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 27th. This is a 24.6% increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.07.

Capital Group Core Bond ETF Stock Performance

Shares of CGCB traded down $0.03 during trading hours on Friday, hitting $26.87. 432,732 shares of the company were exchanged, compared to its average volume of 1,240,955. Capital Group Core Bond ETF has a fifty-two week low of $25.57 and a fifty-two week high of $26.91. The firm’s fifty day moving average is $26.62 and its 200 day moving average is $26.61.

Hedge Funds Weigh In On Capital Group Core Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in CGCB. Sunbelt Securities Inc. boosted its position in shares of Capital Group Core Bond ETF by 309.8% during the 4th quarter. Sunbelt Securities Inc. now owns 32,781 shares of the company’s stock worth $869,000 after acquiring an additional 24,782 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in Capital Group Core Bond ETF during the fourth quarter worth $730,000. Summit Global Investments boosted its holdings in shares of Capital Group Core Bond ETF by 8.6% in the 4th quarter. Summit Global Investments now owns 13,568 shares of the company’s stock valued at $360,000 after purchasing an additional 1,080 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Capital Group Core Bond ETF by 28.1% in the 4th quarter. NewEdge Advisors LLC now owns 1,102,266 shares of the company’s stock valued at $29,232,000 after purchasing an additional 241,736 shares during the last quarter. Finally, IHT Wealth Management LLC raised its holdings in shares of Capital Group Core Bond ETF by 46.5% during the 4th quarter. IHT Wealth Management LLC now owns 12,891 shares of the company’s stock worth $342,000 after buying an additional 4,089 shares in the last quarter.

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.