Smartleaf Asset Management LLC Raises Stake in Capital Group Core Bond ETF (NYSEARCA:CGCB)

Smartleaf Asset Management LLC increased its stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 20.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 154,464 shares of the company’s stock after buying an additional 26,430 shares during the period. Smartleaf Asset Management LLC’s holdings in Capital Group Core Bond ETF were worth $3,985,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Morgan Dempsey Capital Management LLC purchased a new stake in Capital Group Core Bond ETF during the 4th quarter worth about $60,000. Kovack Advisors Inc. lifted its holdings in Capital Group Core Bond ETF by 11.0% during the 4th quarter. Kovack Advisors Inc. now owns 8,873 shares of the company’s stock worth $229,000 after purchasing an additional 876 shares in the last quarter. CWS Financial Advisors LLC lifted its holdings in Capital Group Core Bond ETF by 59.2% during the 4th quarter. CWS Financial Advisors LLC now owns 17,109 shares of the company’s stock worth $441,000 after purchasing an additional 6,363 shares in the last quarter. Rothschild Investment LLC lifted its holdings in Capital Group Core Bond ETF by 98.0% during the 4th quarter. Rothschild Investment LLC now owns 45,550 shares of the company’s stock worth $1,175,000 after purchasing an additional 22,550 shares in the last quarter. Finally, Cannon Wealth Management Services LLC lifted its holdings in Capital Group Core Bond ETF by 26.5% during the 4th quarter. Cannon Wealth Management Services LLC now owns 199,628 shares of the company’s stock worth $5,162,000 after purchasing an additional 41,765 shares in the last quarter.

Capital Group Core Bond ETF Price Performance

Shares of CGCB opened at $26.36 on Friday. The stock’s 50-day simple moving average is $25.87 and its 200 day simple moving average is $26.30. Capital Group Core Bond ETF has a 52-week low of $25.21 and a 52-week high of $27.24.

Capital Group Core Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were issued a $0.072 dividend. The ex-dividend date was Friday, January 31st.

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.