Advance Capital Management Inc. Sells 6,595,242 Shares of Capital Group Core Bond ETF $CGCB

Advance Capital Management Inc. lessened its holdings in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 97.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,731 shares of the company’s stock after selling 6,595,242 shares during the period. Advance Capital Management Inc. owned about 0.12% of Capital Group Core Bond ETF worth $4,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in shares of Capital Group Core Bond ETF by 473.1% in the 3rd quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock worth $28,000 after acquiring an additional 880 shares in the last quarter. Clearstead Trust LLC purchased a new stake in Capital Group Core Bond ETF during the 3rd quarter valued at $37,000. Huntington National Bank bought a new stake in Capital Group Core Bond ETF in the 3rd quarter worth about $54,000. EverSource Wealth Advisors LLC bought a new stake in shares of Capital Group Core Bond ETF in the third quarter worth approximately $67,000. Finally, Marshall & Sterling Wealth Advisors Inc. raised its stake in Capital Group Core Bond ETF by 77.5% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,378 shares of the company’s stock valued at $116,000 after buying an additional 1,912 shares during the last quarter.

Capital Group Core Bond ETF Price Performance

CGCB stock opened at $26.41 on Friday. Capital Group Core Bond ETF has a fifty-two week low of $25.57 and a fifty-two week high of $26.91. The business’s 50-day moving average is $26.62 and its two-hundred day moving average is $26.63.

Capital Group Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.086 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, February 27th. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.07.

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.