Capital Group Core Bond ETF (NYSEARCA:CGCB) Sets New 1-Year Low – Here’s Why

Capital Group Core Bond ETF (NYSEARCA:CGCB)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $25.38 and last traded at $25.3650, with a volume of 112996 shares. The stock had previously closed at $25.53.

Capital Group Core Bond ETF Trading Down 1.1%

The company has a fifty day moving average price of $25.80 and a 200 day moving average price of $26.09.

Capital Group Core Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were paid a dividend of $0.1071 per share. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, July 31st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CGCB. Capital Analysts LLC lifted its stake in Capital Group Core Bond ETF by 104.3% in the 2nd quarter. Capital Analysts LLC now owns 28,697 shares of the company’s stock worth $752,000 after acquiring an additional 14,653 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Capital Group Core Bond ETF by 24.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 162,034 shares of the company’s stock valued at $4,242,000 after acquiring an additional 32,226 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Capital Group Core Bond ETF by 30.0% in the second quarter. NewEdge Advisors LLC now owns 1,527,732 shares of the company’s stock worth $39,996,000 after buying an additional 352,251 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Capital Group Core Bond ETF by 14.3% during the second quarter. Baird Financial Group Inc. now owns 11,794 shares of the company’s stock valued at $309,000 after acquiring an additional 1,473 shares during the period. Finally, Ameritas Advisory Services LLC boosted its stake in Capital Group Core Bond ETF by 49.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 67,856 shares of the company’s stock valued at $1,776,000 after purchasing an additional 22,496 shares during the period.

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.