Citadel Advisors LLC Cuts Stock Position in Capital Group Core Bond ETF $CGCB

Citadel Advisors LLC cut its position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 19.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 227,177 shares of the company’s stock after selling 55,709 shares during the quarter. Citadel Advisors LLC owned approximately 0.10% of Capital Group Core Bond ETF worth $5,947,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CGCB. Capital International Investors grew its holdings in shares of Capital Group Core Bond ETF by 24.4% during the 4th quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock valued at $627,199,000 after purchasing an additional 4,641,432 shares during the last quarter. LPL Financial LLC lifted its stake in Capital Group Core Bond ETF by 30.4% in the fourth quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock worth $590,327,000 after purchasing an additional 5,195,824 shares during the last quarter. Morgan Stanley lifted its stake in Capital Group Core Bond ETF by 13.2% in the fourth quarter. Morgan Stanley now owns 7,751,877 shares of the company’s stock worth $205,580,000 after purchasing an additional 902,837 shares during the last quarter. Cetera Investment Advisers boosted its position in Capital Group Core Bond ETF by 17.7% during the first quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock valued at $103,263,000 after buying an additional 591,197 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Capital Group Core Bond ETF by 2.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,889,956 shares of the company’s stock valued at $103,162,000 after buying an additional 98,583 shares during the period.

Capital Group Core Bond ETF Price Performance

Shares of NYSEARCA:CGCB opened at $25.73 on Tuesday. The stock’s 50-day moving average price is $25.93 and its 200-day moving average price is $26.19. Capital Group Core Bond ETF has a 12-month low of $25.66 and a 12-month high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The business 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 was Friday, July 31st. This represents a c) annualized dividend and a yield of 5.0%. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.08.

Capital Group Core Bond ETF 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.