Capital Group Core Bond ETF (NYSEARCA:CGCB) Sees Large Volume Increase – Here’s What Happened

Capital Group Core Bond ETF (NYSEARCA:CGCB) saw strong trading volume on Monday . 1,462,980 shares changed hands during trading, an increase of 21% from the previous session’s volume of 1,204,556 shares.The stock last traded at $26.18 and had previously closed at $26.22.

Capital Group Core Bond ETF Trading Down 0.3%

The company has a fifty day moving average of $26.46 and a two-hundred day moving average of $26.57.

Capital Group Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a dividend of $0.086 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, February 27th. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.07.

Hedge Funds Weigh In On Capital Group Core Bond ETF

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its position in shares of Capital Group Core Bond ETF by 124.2% during the 1st quarter. Jane Street Group LLC now owns 349,693 shares of the company’s stock worth $9,190,000 after buying an additional 193,693 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 worth $5,207,000 after buying an additional 5,767 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Capital Group Core Bond ETF during the 2nd quarter worth $203,000. NewEdge Advisors LLC grew its position in shares of 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 buying an additional 40,721 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of 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 buying 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.