Capital Group Core Bond ETF $CGCB Stock: Kestra Advisory Services LLC Raises Holdings

Kestra Advisory Services LLC raised its position in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 13.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 525,555 shares of the company’s stock after purchasing an additional 63,032 shares during the period. Kestra Advisory Services LLC’s holdings in Capital Group Core Bond ETF were worth $13,128,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Gutierrez Wealth Advisory LLC lifted its holdings in Capital Group Core Bond ETF by 17.9% in the third quarter. Gutierrez Wealth Advisory LLC now owns 32,108 shares of the company’s stock valued at $802,000 after buying an additional 4,867 shares during the period. Quadcap Wealth Management LLC grew its stake in Capital Group Core Bond ETF by 9.6% during the third quarter. Quadcap Wealth Management LLC now owns 1,008,631 shares of the company’s stock worth $25,196,000 after purchasing an additional 88,551 shares during the period. Commonwealth Equity Services LLC bought a new stake in Capital Group Core Bond ETF in the third quarter worth approximately $25,573,000. Gerber Kawasaki Wealth & Investment Management lifted its stake in Capital Group Core Bond ETF by 2,375.7% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 427,744 shares of the company’s stock valued at $10,685,000 after buying an additional 410,466 shares during the period. Finally, Signature Equity Partners LLC acquired a new stake in Capital Group Core Bond ETF in the third quarter worth $637,000.

Capital Group Core Bond ETF Trading Up 0.1%

Shares of NYSEARCA CGCB opened at $25.55 on Tuesday. The firm’s 50-day moving average price is $25.35 and its 200-day moving average price is $26.03. 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 company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were issued 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. This represents a $1.14 annualized dividend and a dividend yield of 4.5%. The ex-dividend date 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.