Capital Group Core Bond ETF $CGCB Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. increased its holdings in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 42.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,009 shares of the company’s stock after purchasing an additional 44,521 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Capital Group Core Bond ETF were worth $3,978,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV lifted its position in shares of Capital Group Core Bond ETF by 18.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 12,806 shares of the company’s stock worth $340,000 after buying an additional 1,979 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Capital Group Core Bond ETF by 163.7% in the 4th quarter. HighTower Advisors LLC now owns 121,015 shares of the company’s stock valued at $3,209,000 after buying an additional 75,127 shares in the last quarter. Synergy Investment Management LLC grew its position in shares of Capital Group Core Bond ETF by 35.9% in the 4th quarter. Synergy Investment Management LLC now owns 66,795 shares of the company’s stock valued at $1,771,000 after buying an additional 17,650 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Capital Group Core Bond ETF by 20.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 130,989 shares of the company’s stock worth $3,474,000 after acquiring an additional 21,853 shares in the last quarter. Finally, Mission Wealth Management LP raised its stake in Capital Group Core Bond ETF by 96.0% during the 4th quarter. Mission Wealth Management LP now owns 136,954 shares of the company’s stock worth $3,632,000 after acquiring an additional 67,081 shares in the last quarter.

Capital Group Core Bond ETF Price Performance

Shares of CGCB opened at $26.05 on Friday. Capital Group Core Bond ETF has a 1-year low of $25.71 and a 1-year high of $26.91. The firm has a fifty day moving average price of $26.29 and a 200 day moving average price of $26.51.

Capital Group Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were given a dividend of $0.086 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th.

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.