Richards Merrill & Peterson Inc. Increases Stake in Capital Group Core Bond ETF $CGCB

Richards Merrill & Peterson Inc. raised its stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 33.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,720 shares of the company’s stock after purchasing an additional 16,645 shares during the period. Capital Group Core Bond ETF accounts for 0.8% of Richards Merrill & Peterson Inc.’s portfolio, making the stock its 27th largest position. Richards Merrill & Peterson Inc. owned about 0.07% of Capital Group Core Bond ETF worth $1,755,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CGCB. Janney Montgomery Scott LLC increased its holdings in shares of Capital Group Core Bond ETF by 3.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,423 shares of the company’s stock worth $458,000 after buying an additional 541 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in Capital Group Core Bond ETF by 104.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 6,763 shares of the company’s stock valued at $178,000 after acquiring an additional 3,457 shares during the period. Hartmann Taylor Wealth Management LLC acquired a new stake in Capital Group Core Bond ETF during the first quarter worth about $208,000. Confluence Wealth Services Inc. purchased a new position in shares of Capital Group Core Bond ETF in the 1st quarter worth about $1,518,000. Finally, Sovran Advisors LLC acquired a new position in shares of Capital Group Core Bond ETF in the 1st quarter valued at about $335,000.

Capital Group Core Bond ETF Trading Up 0.1%

Shares of NYSEARCA:CGCB opened at $26.86 on Friday. The stock has a 50-day simple moving average of $26.61 and a 200-day simple moving average of $26.28. 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 firm also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were paid a $0.0905 dividend. This represents a c) dividend on an annualized basis 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.