Capital Group Core Bond ETF (NYSEARCA:CGCB) Reaches New 52-Week Low – Time to Sell?

Capital Group Core Bond ETF (NYSEARCA:CGCB)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $25.41 and last traded at $25.45, with a volume of 1084442 shares trading hands. The stock had previously closed at $25.46.

Capital Group Core Bond ETF Stock Down 0.0%

The business has a 50 day moving average price of $25.86 and a two-hundred day moving average price of $26.15.

Capital Group Core Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a dividend of $0.1071 per share. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, July 31st. This is a positive change from Capital Group Core Bond ETF’s previous monthly dividend of $0.08.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Capital International Investors boosted its holdings in shares of Capital Group Core Bond ETF by 24.4% in the fourth quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock worth $627,199,000 after acquiring an additional 4,641,432 shares during the period. LPL Financial LLC grew its position in shares of Capital Group Core Bond ETF by 30.4% during the 4th quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock valued at $590,327,000 after purchasing an additional 5,195,824 shares in the last quarter. Cetera Investment Advisers grew its position in Capital Group Core Bond ETF by 17.7% during the first quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock worth $103,263,000 after buying an additional 591,197 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Core Bond ETF by 2.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,889,956 shares of the company’s stock worth $103,162,000 after purchasing an additional 98,583 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Capital Group Core Bond ETF by 36.1% in the 1st quarter. Bank of America Corp DE now owns 3,646,178 shares of the company’s stock worth $95,749,000 after buying an additional 968,033 shares during 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.