Private Advisor Group LLC Reduces Holdings in Capital Group Core Bond ETF $CGCB

Private Advisor Group LLC decreased its position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 377,951 shares of the company’s stock after selling 28,807 shares during the quarter. Private Advisor Group LLC owned approximately 0.30% of Capital Group Core Bond ETF worth $10,046,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Clearstead Trust LLC bought a new stake in Capital Group Core Bond ETF in the 3rd quarter valued at about $37,000. Huntington National Bank bought a new position in Capital Group Core Bond ETF during the third quarter worth about $54,000. EverSource Wealth Advisors LLC purchased a new position in shares of Capital Group Core Bond ETF in the third quarter worth about $67,000. Marshall & Sterling Wealth Advisors Inc. increased its stake in shares of Capital Group Core Bond ETF by 77.5% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,378 shares of the company’s stock worth $116,000 after purchasing an additional 1,912 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Capital Group Core Bond ETF by 23.3% in the second quarter. Bank of Montreal Can now owns 5,300 shares of the company’s stock valued at $139,000 after purchasing an additional 1,000 shares during the period.

Capital Group Core Bond ETF Stock Performance

Shares of CGCB stock opened at $26.48 on Thursday. The firm’s 50 day moving average is $26.64 and its 200 day moving average is $26.63. Capital Group Core Bond ETF has a 12 month low of $25.57 and a 12 month high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a dividend of $0.086 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group Core Bond ETF’s previous monthly dividend of $0.07.

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.