Perennial Investment Advisors LLC Boosts Stock Holdings in Capital Group Core Bond ETF $CGCB

Perennial Investment Advisors LLC boosted its position in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 12.4% in the second quarter, Holdings Channel.com reports. The firm owned 20,855 shares of the company’s stock after acquiring an additional 2,302 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Capital Group Core Bond ETF were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

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

Capital Group Core Bond ETF Stock Performance

Shares of CGCB stock opened at $26.60 on Wednesday. The business has a fifty day simple moving average of $26.68 and a 200-day simple moving average of $26.35. Capital Group Core Bond ETF has a fifty-two week low of $25.44 and a fifty-two week high of $26.91.

Capital Group Core Bond ETF Increases Dividend

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

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.