Quadcap Wealth Management LLC Purchases New Stake in Capital Group Core Bond ETF $CGCB

Quadcap Wealth Management LLC purchased a new stake in Capital Group Core Bond ETF (NYSEARCA:CGCB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 796,801 shares of the company’s stock, valued at approximately $21,121,000. Capital Group Core Bond ETF comprises 2.4% of Quadcap Wealth Management LLC’s portfolio, making the stock its 5th largest holding. Quadcap Wealth Management LLC owned 0.54% of Capital Group Core Bond ETF at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Capital International Investors lifted its stake in Capital Group Core Bond ETF by 92.3% in the third quarter. Capital International Investors now owns 19,008,607 shares of the company’s stock valued at $505,249,000 after buying an additional 9,125,578 shares during the period. Johnson Bixby & Associates LLC lifted its stake in Capital Group Core Bond ETF by 14,622.3% in the fourth quarter. Johnson Bixby & Associates LLC now owns 2,044,780 shares of the company’s stock valued at $54,228,000 after buying an additional 2,030,891 shares during the period. Merit Financial Group LLC lifted its stake in Capital Group Core Bond ETF by 1,580.2% in the third quarter. Merit Financial Group LLC now owns 1,935,910 shares of the company’s stock valued at $51,456,000 after buying an additional 1,820,690 shares during the period. Aprio Wealth Management LLC acquired a new position in Capital Group Core Bond ETF in the fourth quarter valued at about $25,716,000. Finally, Bank of America Corp DE lifted its stake in Capital Group Core Bond ETF by 269.8% in the second quarter. Bank of America Corp DE now owns 1,203,357 shares of the company’s stock valued at $31,648,000 after buying an additional 877,912 shares during the period.

Capital Group Core Bond ETF Price Performance

NYSEARCA:CGCB opened at $26.44 on Monday. Capital Group Core Bond ETF has a 1-year low of $25.71 and a 1-year high of $26.91. The business’s 50-day moving average price is $26.50 and its two-hundred day moving average price is $26.58.

Capital Group Core Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.086 dividend. 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) annualized dividend 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.