NewEdge Advisors LLC Has $40 Million Position in Capital Group Core Bond ETF $CGCB

NewEdge Advisors LLC increased its position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 30.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,527,732 shares of the company’s stock after buying an additional 352,251 shares during the quarter. NewEdge Advisors LLC owned 0.69% of Capital Group Core Bond ETF worth $39,996,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC raised its holdings in shares of Capital Group Core Bond ETF by 124.2% in the first quarter. Jane Street Group LLC now owns 349,693 shares of the company’s stock valued at $9,190,000 after purchasing an additional 193,693 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Capital Group Core Bond ETF by 3.0% during the second quarter. JPMorgan Chase & Co. now owns 197,988 shares of the company’s stock worth $5,207,000 after purchasing an additional 5,767 shares during the last quarter. XTX Topco Ltd bought a new position in Capital Group Core Bond ETF in the second quarter valued at $203,000. Sei Investments Co. grew its position in Capital Group Core Bond ETF by 1,552.3% in the second quarter. Sei Investments Co. now owns 505,722 shares of the company’s stock valued at $13,300,000 after purchasing an additional 475,115 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in Capital Group Core Bond ETF by 35.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,153,628 shares of the company’s stock valued at $56,640,000 after buying an additional 564,095 shares during the last quarter.

Capital Group Core Bond ETF Price Performance

Shares of NYSEARCA:CGCB opened at $25.66 on Thursday. The company’s 50-day moving average price is $25.91 and its two-hundred day moving average price is $26.18. Capital Group Core Bond ETF has a one year low of $25.61 and a one year high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were given a $0.1071 dividend. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, July 31st.

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.