Concurrent Investment Advisors LLC Boosts Stake in Capital Group Core Bond ETF $CGCB

Concurrent Investment Advisors LLC lifted its position in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 34.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 175,706 shares of the company’s stock after acquiring an additional 45,262 shares during the period. Concurrent Investment Advisors LLC owned 0.14% of Capital Group Core Bond ETF worth $4,670,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Bill Few Associates Inc. raised its holdings in Capital Group Core Bond ETF by 0.9% in the second quarter. Bill Few Associates Inc. now owns 47,071 shares of the company’s stock worth $1,238,000 after purchasing an additional 425 shares in the last quarter. Trilogy Capital Inc. boosted its holdings in shares of Capital Group Core Bond ETF by 4.7% during the 3rd quarter. Trilogy Capital Inc. now owns 12,624 shares of the company’s stock valued at $336,000 after buying an additional 564 shares in the last quarter. Tempus Wealth Planning LLC grew its position in shares of Capital Group Core Bond ETF by 2.9% in the 2nd quarter. Tempus Wealth Planning LLC now owns 26,583 shares of the company’s stock worth $699,000 after buying an additional 752 shares during the period. Morgan Dempsey Capital Management LLC increased its stake in shares of Capital Group Core Bond ETF by 15.8% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 5,622 shares of the company’s stock worth $148,000 after acquiring an additional 767 shares in the last quarter. Finally, Financial Perspectives Inc increased its stake in shares of Capital Group Core Bond ETF by 17.7% in the 2nd quarter. Financial Perspectives Inc now owns 6,004 shares of the company’s stock worth $158,000 after acquiring an additional 904 shares in the last quarter.

Capital Group Core Bond ETF Price Performance

Shares of NYSEARCA CGCB opened at $26.63 on Thursday. Capital Group Core Bond ETF has a 1 year low of $25.57 and a 1 year high of $26.91. The firm has a 50-day moving average of $26.60 and a 200 day moving average of $26.52.

Capital Group Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a $0.1186 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.09.

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.