Sovran Advisors LLC Has $9.78 Million Holdings in Capital Group Core Bond ETF $CGCB

Sovran Advisors LLC increased its position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 367,885 shares of the company’s stock after purchasing an additional 40,652 shares during the period. Capital Group Core Bond ETF comprises about 0.8% of Sovran Advisors LLC’s investment portfolio, making the stock its 25th largest position. Sovran Advisors LLC owned about 0.26% of Capital Group Core Bond ETF worth $9,782,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. IFP Advisors Inc boosted its stake in Capital Group Core Bond ETF by 473.1% during the third quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock worth $28,000 after buying an additional 880 shares in the last quarter. Clearstead Trust LLC acquired a new position in shares of Capital Group Core Bond ETF in the 3rd quarter valued at $37,000. Huntington National Bank bought a new position in shares of Capital Group Core Bond ETF during the 3rd quarter worth about $54,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Capital Group Core Bond ETF during the 3rd quarter valued at about $67,000. Finally, Marshall & Sterling Wealth Advisors Inc. boosted its position in shares of 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 acquiring an additional 1,912 shares in the last quarter.

Capital Group Core Bond ETF Price Performance

NYSEARCA CGCB opened at $26.32 on Friday. Capital Group Core Bond ETF has a twelve month low of $25.57 and a twelve month high of $26.91. The company’s 50-day simple moving average is $26.56 and its 200 day simple moving average is $26.60.

Capital Group Core Bond ETF Increases Dividend

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

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.