Meridian Wealth Management LLC Reduces Position in Capital Group Core Bond ETF $CGCB

Meridian Wealth Management LLC trimmed its position in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 3.2% during the second quarter, Holdings Channel.com reports. The firm owned 56,897 shares of the company’s stock after selling 1,888 shares during the period. Meridian Wealth Management LLC’s holdings in Capital Group Core Bond ETF were worth $1,496,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. CWM LLC acquired a new position in shares of Capital Group Core Bond ETF during the first quarter worth $89,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Capital Group Core Bond ETF in the first quarter valued at $98,000. Private Trust Co. NA lifted its holdings in Capital Group Core Bond ETF by 133.2% during the 2nd quarter. Private Trust Co. NA now owns 3,964 shares of the company’s stock worth $104,000 after buying an additional 2,264 shares during the last quarter. Capital Analysts LLC purchased a new stake in Capital Group Core Bond ETF during the 1st quarter worth about $108,000. Finally, Bank of Montreal Can boosted its position in shares of Capital Group Core Bond ETF by 23.3% during the 2nd quarter. Bank of Montreal Can now owns 5,300 shares of the company’s stock worth $139,000 after acquiring an additional 1,000 shares in the last quarter.

Capital Group Core Bond ETF Trading Down 0.2%

CGCB opened at $26.56 on Monday. Capital Group Core Bond ETF has a one year low of $25.44 and a one year high of $26.91. The business’s 50-day simple moving average is $26.69 and its 200-day simple moving average is $26.34.

Capital Group Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 31st were paid a $0.107 dividend. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, October 31st.

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.