Northwestern Mutual Wealth Management Co. Has $92.17 Million Holdings in Capital Group Core Bond ETF $CGCB

Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 32.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,504,539 shares of the company’s stock after acquiring an additional 850,441 shares during the period. Northwestern Mutual Wealth Management Co. owned 3.27% of Capital Group Core Bond ETF worth $92,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. CWM LLC bought a new stake in shares of Capital Group Core Bond ETF during the first quarter valued at approximately $89,000. Harbour Investments Inc. lifted its holdings in Capital Group Core Bond ETF by 118.3% during the 1st quarter. Harbour Investments Inc. now owns 70,086 shares of the company’s stock worth $1,842,000 after buying an additional 37,984 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its position in Capital Group Core Bond ETF by 34.2% in the 1st quarter. Strategic Family Wealth Counselors L.L.C. now owns 160,651 shares of the company’s stock valued at $4,222,000 after buying an additional 40,937 shares during the last quarter. IFG Advisory LLC increased its stake in shares of Capital Group Core Bond ETF by 80.3% in the 1st quarter. IFG Advisory LLC now owns 22,653 shares of the company’s stock valued at $595,000 after buying an additional 10,087 shares during the period. Finally, Endeavor Private Wealth Inc. increased its stake in shares of Capital Group Core Bond ETF by 21.0% in the 1st quarter. Endeavor Private Wealth Inc. now owns 89,496 shares of the company’s stock valued at $2,352,000 after buying an additional 15,559 shares during the period.

Capital Group Core Bond ETF Stock Down 0.6%

Shares of CGCB opened at $26.69 on Friday. Capital Group Core Bond ETF has a 12-month low of $25.44 and a 12-month high of $26.91. The stock’s fifty day simple moving average is $26.68 and its 200-day simple moving average is $26.39.

Capital Group Core Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 28th will be paid a $0.0854 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Capital Group Core Bond ETF Company 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.