Spinnaker Investment Group LLC Boosts Stock Position in Capital Group Core Bond ETF $CGCB

Spinnaker Investment Group LLC lifted its stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 23.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 953,507 shares of the company’s stock after buying an additional 179,883 shares during the period. Capital Group Core Bond ETF comprises about 4.8% of Spinnaker Investment Group LLC’s holdings, making the stock its 8th largest position. Spinnaker Investment Group LLC owned approximately 0.78% of Capital Group Core Bond ETF worth $25,344,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CGCB. Northwestern Mutual Wealth Management Co. lifted its stake in Capital Group Core Bond ETF by 66.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,654,098 shares of the company’s stock valued at $69,750,000 after acquiring an additional 1,062,229 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Capital Group Core Bond ETF by 269.8% in the second quarter. Bank of America Corp DE now owns 1,203,357 shares of the company’s stock valued at $31,648,000 after purchasing an additional 877,912 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Capital Group Core Bond ETF by 113.4% in the first quarter. Raymond James Financial Inc. now owns 1,589,533 shares of the company’s stock valued at $41,773,000 after purchasing an additional 844,776 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Capital Group Core Bond ETF by 28.0% during the second quarter. Envestnet Asset Management Inc. now owns 3,576,899 shares of the company’s stock valued at $94,072,000 after purchasing an additional 782,472 shares in the last quarter. Finally, Advance Capital Management Inc. lifted its position in shares of Capital Group Core Bond ETF by 6.9% during the second quarter. Advance Capital Management Inc. now owns 11,517,435 shares of the company’s stock valued at $302,909,000 after purchasing an additional 739,312 shares in the last quarter.

Capital Group Core Bond ETF Stock Down 0.2%

Shares of CGCB stock opened at $26.61 on Friday. The company has a 50-day simple moving average of $26.67 and a two-hundred day simple moving average of $26.46. Capital Group Core Bond ETF has a 52-week low of $25.44 and a 52-week high of $26.91.

Capital Group Core Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 28th were issued a dividend of $0.0854 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, November 28th.

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.