Sunpointe LLC Has $2.20 Million Stake in Capital Group Core Bond ETF $CGCB

Sunpointe LLC lifted its stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 501.0% during the third quarter, Holdings Channel reports. The fund owned 82,728 shares of the company’s stock after buying an additional 68,964 shares during the quarter. Sunpointe LLC’s holdings in Capital Group Core Bond ETF were worth $2,199,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Clearstead Trust LLC acquired a new position in shares of Capital Group Core Bond ETF during the third quarter valued at about $37,000. Huntington National Bank bought a new stake in Capital Group Core Bond ETF in the 3rd quarter valued at about $54,000. EverSource Wealth Advisors LLC acquired a new position in Capital Group Core Bond ETF during the 3rd quarter worth approximately $67,000. Marshall & Sterling Wealth Advisors Inc. boosted its holdings in 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 acquiring an additional 1,912 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in Capital Group Core Bond ETF by 33.7% in the third quarter. Private Trust Co. NA now owns 5,298 shares of the company’s stock worth $141,000 after acquiring an additional 1,334 shares in the last quarter.

Capital Group Core Bond ETF Stock Performance

NYSEARCA CGCB opened at $26.63 on Friday. Capital Group Core Bond ETF has a 52 week low of $25.57 and a 52 week high of $26.91. The business has a 50 day moving average price of $26.63 and a 200-day moving average price of $26.62.

Capital Group Core Bond ETF Increases Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, February 27th. This is a positive change from Capital Group Core Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.9%.

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.