Capital Group Core Bond ETF (NYSEARCA:CGCB) Hits New 12-Month Low – Here’s Why

Shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) hit a new 52-week low on Wednesday . The company traded as low as $25.62 and last traded at $25.6350, with a volume of 340873 shares changing hands. The stock had previously closed at $25.69.

Capital Group Core Bond ETF Stock Performance

The firm’s 50 day simple moving average is $25.92 and its 200-day simple moving average is $26.19.

Capital Group Core Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued 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 Trading of Capital Group Core Bond ETF

Several large investors have recently added to or reduced their stakes in CGCB. Jane Street Group LLC raised its position in Capital Group Core Bond ETF by 124.2% in the first quarter. Jane Street Group LLC now owns 349,693 shares of the company’s stock valued at $9,190,000 after purchasing an additional 193,693 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Capital Group Core Bond ETF by 3.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 197,988 shares of the company’s stock valued at $5,207,000 after buying an additional 5,767 shares during the period. XTX Topco Ltd purchased a new stake in shares of Capital Group Core Bond ETF during the 2nd quarter valued at about $203,000. NewEdge Advisors LLC lifted its position in Capital Group Core Bond ETF by 31.3% during the 2nd quarter. NewEdge Advisors LLC now owns 170,961 shares of the company’s stock worth $4,496,000 after acquiring an additional 40,721 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Capital Group Core Bond ETF by 1,552.3% during the 2nd quarter. Sei Investments Co. now owns 505,722 shares of the company’s stock worth $13,300,000 after acquiring an additional 475,115 shares in 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.