Capital Group Core Bond ETF $CGCB Stock Position Increased by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC increased its stake in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 23.3% in the third quarter, Holdings Channel reports. The institutional investor owned 953,507 shares of the company’s stock after acquiring an additional 179,883 shares during the period. Capital Group Core Bond ETF makes up about 4.8% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 8th biggest holding. Spinnaker Investment Group LLC’s holdings in Capital Group Core Bond ETF were worth $25,344,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Bill Few Associates Inc. raised its stake in shares of 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 valued at $1,238,000 after acquiring an additional 425 shares during the period. Tempus Wealth Planning LLC grew its holdings in Capital Group Core Bond ETF by 2.9% during the 2nd quarter. Tempus Wealth Planning LLC now owns 26,583 shares of the company’s stock valued at $699,000 after purchasing an additional 752 shares during the last quarter. Morgan Dempsey Capital Management LLC grew its holdings in Capital Group Core Bond ETF by 15.8% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 5,622 shares of the company’s stock valued at $148,000 after purchasing an additional 767 shares during the last quarter. Financial Perspectives Inc raised its position in 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 purchasing an additional 904 shares during the period. Finally, Fiduciary Alliance LLC lifted its stake in Capital Group Core Bond ETF by 0.8% in the third quarter. Fiduciary Alliance LLC now owns 123,851 shares of the company’s stock worth $3,292,000 after purchasing an additional 980 shares during the last quarter.

Capital Group Core Bond ETF Stock Performance

Shares of NYSEARCA:CGCB opened at $26.61 on Friday. The business has a 50 day simple moving average of $26.67 and a two-hundred day simple moving average of $26.46. 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 firm also recently disclosed a monthly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 28th were issued a dividend of $0.0854 per share. The ex-dividend date was Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 3.9%.

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.