BIP Wealth LLC Buys New Stake in Capital Group Core Bond ETF $CGCB

BIP Wealth LLC bought a new stake in Capital Group Core Bond ETF (NYSEARCA:CGCB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 508,681 shares of the company’s stock, valued at approximately $13,490,000. BIP Wealth LLC owned 0.35% of Capital Group Core Bond ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CGCB. Benjamin Edwards Inc. boosted its position in Capital Group Core Bond ETF by 64.7% in the third quarter. Benjamin Edwards Inc. now owns 125,647 shares of the company’s stock valued at $3,340,000 after buying an additional 49,355 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in Capital Group Core Bond ETF by 34.7% in the third quarter. Concurrent Investment Advisors LLC now owns 175,706 shares of the company’s stock valued at $4,670,000 after buying an additional 45,262 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Capital Group Core Bond ETF by 173.4% in the second quarter. Geneos Wealth Management Inc. now owns 376,695 shares of the company’s stock valued at $9,907,000 after buying an additional 238,923 shares in the last quarter. Regatta Capital Group LLC boosted its position in Capital Group Core Bond ETF by 5.2% in the third quarter. Regatta Capital Group LLC now owns 755,559 shares of the company’s stock valued at $20,083,000 after buying an additional 37,092 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in Capital Group Core Bond ETF by 111.3% in the third quarter. Global Retirement Partners LLC now owns 175,319 shares of the company’s stock valued at $4,660,000 after buying an additional 92,356 shares in the last quarter.

Capital Group Core Bond ETF Stock Performance

NYSEARCA:CGCB opened at $26.33 on Wednesday. Capital Group Core Bond ETF has a 12 month low of $25.57 and a 12 month high of $26.91. The company’s 50-day moving average price is $26.54 and its two-hundred day moving average price is $26.60.

Capital Group Core Bond ETF Increases Dividend

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

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.