Capital Group Core Bond ETF $CGCB Stake Decreased by RFG Advisory LLC

RFG Advisory LLC cut its holdings in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 72.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,292 shares of the company’s stock after selling 207,124 shares during the period. RFG Advisory LLC’s holdings in Capital Group Core Bond ETF were worth $2,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CGCB. Advisortrust Partners LLC bought a new stake in Capital Group Core Bond ETF during the 1st quarter valued at $27,000. IFP Advisors Inc grew its stake in shares of Capital Group Core Bond ETF by 473.1% in the third quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock worth $28,000 after purchasing an additional 880 shares in the last quarter. Legacy Wealth Managment LLC ID acquired a new position in shares of Capital Group Core Bond ETF during the first quarter valued at $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Capital Group Core Bond ETF during the fourth quarter valued at about $43,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Capital Group Core Bond ETF during the fourth quarter valued at about $73,000.

Capital Group Core Bond ETF Trading Down 0.7%

Shares of CGCB opened at $25.47 on Friday. The firm has a 50-day moving average price of $25.89 and a 200 day moving average price of $26.17. Capital Group Core Bond ETF has a 52-week low of $25.47 and a 52-week high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued 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) annualized dividend and a yield of 5.0%.

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.