KWB Wealth Purchases 401,603 Shares of Capital Group Core Bond ETF $CGCB

KWB Wealth acquired a new position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) in the third quarter, HoldingsChannel.com reports. The firm acquired 401,603 shares of the company’s stock, valued at approximately $10,032,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its holdings in shares of Capital Group Core Bond ETF by 24.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 162,034 shares of the company’s stock worth $4,242,000 after buying an additional 32,226 shares during the period. Quadcap Wealth Management LLC grew its stake in Capital Group Core Bond ETF by 13.1% in the 1st quarter. Quadcap Wealth Management LLC now owns 900,863 shares of the company’s stock valued at $23,657,000 after buying an additional 104,062 shares during the last quarter. Cetera Investment Advisers raised its holdings in Capital Group Core Bond ETF by 17.7% in the 1st quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock valued at $103,263,000 after acquiring an additional 591,197 shares during the period. Janney Montgomery Scott LLC raised its holdings in Capital Group Core Bond ETF by 82.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 283,729 shares of the company’s stock valued at $7,451,000 after acquiring an additional 127,804 shares during the period. Finally, InTrack Investment Management Inc raised its holdings in Capital Group Core Bond ETF by 15.0% in the 2nd quarter. InTrack Investment Management Inc now owns 157,103 shares of the company’s stock valued at $4,113,000 after acquiring an additional 20,469 shares during the period.

Capital Group Core Bond ETF Trading Down 0.0%

CGCB stock traded down $0.01 during mid-day trading on Friday, hitting $25.26. 1,355,219 shares of the company were exchanged, compared to its average volume of 1,326,906. The business has a 50 day simple moving average of $25.50 and a 200-day simple moving average of $25.93. Capital Group Core Bond ETF has a 1-year low of $24.85 and a 1-year high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.0956 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.5%. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.0844. The ex-dividend date was Tuesday, September 29th.

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.