Cullen Frost Bankers Inc. Increases Stock Position in Capital Group Core Bond ETF $CGCB

Cullen Frost Bankers Inc. raised its position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 36.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,177 shares of the company’s stock after buying an additional 23,763 shares during the quarter. Cullen Frost Bankers Inc. owned about 0.09% of Capital Group Core Bond ETF worth $2,345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advance Capital Management Inc. lifted its position in Capital Group Core Bond ETF by 6.9% during the second quarter. Advance Capital Management Inc. now owns 11,517,435 shares of the company’s stock valued at $302,909,000 after buying an additional 739,312 shares during the period. LPL Financial LLC raised its position in shares of Capital Group Core Bond ETF by 77.2% in the 1st quarter. LPL Financial LLC now owns 9,379,977 shares of the company’s stock worth $246,506,000 after purchasing an additional 4,087,439 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Capital Group Core Bond ETF by 42.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,794,427 shares of the company’s stock worth $73,438,000 after purchasing an additional 826,886 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group Core Bond ETF by 66.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,654,098 shares of the company’s stock worth $69,750,000 after purchasing an additional 1,062,229 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Capital Group Core Bond ETF by 113.4% in the 1st quarter. Raymond James Financial Inc. now owns 1,589,533 shares of the company’s stock worth $41,773,000 after purchasing an additional 844,776 shares during the last quarter.

Capital Group Core Bond ETF Stock Down 0.2%

CGCB opened at $26.83 on Friday. The stock has a 50-day moving average price of $26.60 and a 200-day moving average price of $26.27. Capital Group Core Bond ETF has a 1 year low of $25.44 and a 1 year high of $26.91.

Capital Group Core Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were given a $0.0905 dividend. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, September 29th.

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.