Merit Financial Group LLC Boosts Stock Holdings in Capital Group Core Bond ETF $CGCB

Merit Financial Group LLC grew its holdings in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 1,580.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,935,910 shares of the company’s stock after purchasing an additional 1,820,690 shares during the period. Merit Financial Group LLC owned approximately 1.51% of Capital Group Core Bond ETF worth $51,456,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CGCB. Truist Financial Corp lifted its position in shares of Capital Group Core Bond ETF by 35.9% during the second quarter. Truist Financial Corp now owns 61,167 shares of the company’s stock worth $1,609,000 after acquiring an additional 16,153 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Capital Group Core Bond ETF by 74.0% in the second quarter. Janney Montgomery Scott LLC now owns 30,315 shares of the company’s stock valued at $797,000 after purchasing an additional 12,892 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Capital Group Core Bond ETF by 173.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 376,695 shares of the company’s stock valued at $9,907,000 after purchasing an additional 238,923 shares during the period. Avantax Advisory Services Inc. lifted its holdings in Capital Group Core Bond ETF by 38.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 98,394 shares of the company’s stock worth $2,588,000 after purchasing an additional 27,144 shares in the last quarter. Finally, Regatta Capital Group LLC lifted its holdings in Capital Group Core Bond ETF by 5.2% during the 3rd quarter. Regatta Capital Group LLC now owns 755,559 shares of the company’s stock worth $20,083,000 after purchasing an additional 37,092 shares in the last quarter.

Capital Group Core Bond ETF Stock Performance

Shares of NYSEARCA CGCB opened at $26.57 on Wednesday. Capital Group Core Bond ETF has a 52 week low of $25.44 and a 52 week high of $26.91. The business has a 50-day simple moving average of $26.64 and a two-hundred day simple moving average of $26.49.

Capital Group Core Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a dividend of $0.1186 per share. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Wednesday, December 24th.

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.