Capital Group Core Bond ETF $CGCB Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. grew its position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 173.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 376,695 shares of the company’s stock after purchasing an additional 238,923 shares during the quarter. Geneos Wealth Management Inc. owned approximately 0.35% of Capital Group Core Bond ETF worth $9,907,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CGCB. Truist Financial Corp increased its position in Capital Group Core Bond ETF by 35.9% in the 2nd quarter. Truist Financial Corp now owns 61,167 shares of the company’s stock valued at $1,609,000 after acquiring an additional 16,153 shares during the period. Janney Montgomery Scott LLC lifted its position in Capital Group Core Bond ETF by 74.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 30,315 shares of the company’s stock worth $797,000 after acquiring an additional 12,892 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of Capital Group Core Bond ETF by 38.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 98,394 shares of the company’s stock valued at $2,588,000 after purchasing an additional 27,144 shares during the last quarter. Werba Rubin Papier Wealth Management acquired a new position in shares of Capital Group Core Bond ETF in the second quarter valued at approximately $243,000. Finally, Panoramic Capital Partners LLC acquired a new position in shares of Capital Group Core Bond ETF in the second quarter valued at approximately $15,365,000.

Capital Group Core Bond ETF Stock Down 0.3%

Shares of NYSEARCA CGCB opened at $26.49 on Friday. The stock has a fifty day moving average price of $26.68 and a 200 day moving average price of $26.44. 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 company also recently announced a monthly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 28th were paid a $0.0854 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, November 28th.

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.