Capital Group Core Bond ETF $CGCB Stock Purchased by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 2,375.7% in the third quarter, Holdings Channel reports. The firm owned 427,744 shares of the company’s stock after acquiring an additional 410,466 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in Capital Group Core Bond ETF were worth $10,685,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Core Bond ETF by 12.2% in the second quarter. Envestnet Asset Management Inc. now owns 7,721,547 shares of the company’s stock worth $202,150,000 after buying an additional 841,106 shares during the period. Cetera Investment Advisers raised its holdings in shares of Capital Group Core Bond ETF by 17.7% during the 1st quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock valued at $103,263,000 after buying an additional 591,197 shares during the period. Bank of America Corp DE raised its holdings in shares of Capital Group Core Bond ETF by 36.1% during the 1st quarter. Bank of America Corp DE now owns 3,646,178 shares of the company’s stock valued at $95,749,000 after buying an additional 968,033 shares during the period. Sei Investments Co. raised its holdings in shares of Capital Group Core Bond ETF by 33.6% during the 1st quarter. Sei Investments Co. now owns 2,501,744 shares of the company’s stock valued at $65,696,000 after buying an additional 629,239 shares during the period. Finally, Johnson Bixby & Associates LLC lifted its position in Capital Group Core Bond ETF by 11.1% during the 3rd quarter. Johnson Bixby & Associates LLC now owns 2,618,848 shares of the company’s stock worth $65,419,000 after acquiring an additional 261,357 shares in the last quarter.

Capital Group Core Bond ETF Stock Up 0.0%

Shares of NYSEARCA:CGCB opened at $25.46 on Tuesday. Capital Group Core Bond ETF has a 52-week low of $24.85 and a 52-week high of $26.90. The company has a 50 day moving average of $25.39 and a two-hundred day moving average of $26.06.

Capital Group Core Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a dividend of $0.0951 per share. This is a negative change from Capital Group Core Bond ETF’s previous monthly dividend of $0.0956. The ex-dividend date was Friday, October 30th. This represents a $1.14 dividend on an annualized basis and a yield of 4.5%.

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.