Capital Group Core Bond ETF (NYSEARCA:CGCB) Hits New 52-Week Low – Should You Sell?

Capital Group Core Bond ETF (NYSEARCA:CGCB)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $25.38 and last traded at $25.3650, with a volume of 112996 shares trading hands. The stock had previously closed at $25.53.

Capital Group Core Bond ETF Stock Down 1.1%

The company’s 50 day moving average price is $25.80 and its 200 day moving average price is $26.09.

Capital Group Core Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were given a $0.1071 dividend. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a yield of 5.1%.

Institutional Trading of Capital Group Core Bond ETF

A number of institutional investors have recently bought and sold shares of CGCB. Capital Analysts LLC increased its stake in shares of Capital Group Core Bond ETF by 104.3% in the 2nd quarter. Capital Analysts LLC now owns 28,697 shares of the company’s stock valued at $752,000 after acquiring an additional 14,653 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Capital Group Core Bond ETF by 24.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 162,034 shares of the company’s stock valued at $4,242,000 after buying an additional 32,226 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Capital Group Core Bond ETF by 30.0% in the second quarter. NewEdge Advisors LLC now owns 1,527,732 shares of the company’s stock worth $39,996,000 after purchasing an additional 352,251 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Capital Group Core Bond ETF by 14.3% during the 2nd quarter. Baird Financial Group Inc. now owns 11,794 shares of the company’s stock worth $309,000 after buying an additional 1,473 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its position in shares of Capital Group Core Bond ETF by 49.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 67,856 shares of the company’s stock worth $1,776,000 after purchasing an additional 22,496 shares during 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.