Capital Group Core Bond ETF (NYSEARCA:CGCB) Hits New 12-Month Low – What’s Next?

Shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) hit a new 52-week low on Friday . The company traded as low as $25.73 and last traded at $25.73, with a volume of 31866 shares trading hands. The stock had previously closed at $25.92.

Capital Group Core Bond ETF Trading Down 0.7%

The firm has a 50-day moving average of $26.11 and a two-hundred day moving average of $26.34.

Hedge Funds Weigh In On Capital Group Core Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of CGCB. Jane Street Group LLC increased its stake in Capital Group Core Bond ETF by 124.2% in the 1st quarter. Jane Street Group LLC now owns 349,693 shares of the company’s stock valued at $9,190,000 after buying an additional 193,693 shares during the period. JPMorgan Chase & Co. boosted its stake 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 acquired a new stake in shares of Capital Group Core Bond ETF during the 2nd quarter valued at $203,000. NewEdge Advisors LLC grew its holdings 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 valued at $4,496,000 after acquiring an additional 40,721 shares in the last quarter. Finally, Sei Investments Co. grew its holdings 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 valued at $13,300,000 after acquiring an additional 475,115 shares in the last quarter.

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.