Capital Group Core Bond ETF (NYSEARCA:CGCB) Reaches New 1-Year Low – Should You Sell?

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

Capital Group Core Bond ETF Trading Down 0.1%

The stock’s fifty day moving average is $25.92 and its two-hundred day 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. Stockholders of record on Friday, July 31st were given a dividend of $0.1071 per share. The ex-dividend date of this dividend was Friday, July 31st. This is a positive change 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 5.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cauble & Harre Wealth Management Inc. acquired a new stake in shares of Capital Group Core Bond ETF during the fourth quarter worth $1,218,000. UBS Group AG boosted its holdings in shares of Capital Group Core Bond ETF by 63.5% in the 4th quarter. UBS Group AG now owns 344,151 shares of the company’s stock valued at $9,127,000 after buying an additional 133,670 shares during the period. Meridian Wealth Management LLC grew its position in shares of Capital Group Core Bond ETF by 41.3% during the 4th quarter. Meridian Wealth Management LLC now owns 98,958 shares of the company’s stock valued at $2,624,000 after buying an additional 28,928 shares during the last quarter. Stephens Inc. AR grew its position in shares of Capital Group Core Bond ETF by 18.8% during the 4th quarter. Stephens Inc. AR now owns 692,236 shares of the company’s stock valued at $18,358,000 after buying an additional 109,674 shares during the last quarter. Finally, Clear Point Advisors Inc. raised its stake in Capital Group Core Bond ETF by 89.3% during the fourth quarter. Clear Point Advisors Inc. now owns 55,614 shares of the company’s stock worth $1,475,000 after acquiring an additional 26,232 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.