NewEdge Advisors LLC Has $40 Million Stake in Capital Group Core Bond ETF $CGCB

NewEdge Advisors LLC boosted its position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 30.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,527,732 shares of the company’s stock after buying an additional 352,251 shares during the quarter. NewEdge Advisors LLC’s holdings in Capital Group Core Bond ETF were worth $39,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CGCB. Advisortrust Partners LLC acquired a new position in shares of Capital Group Core Bond ETF during the 1st quarter worth about $27,000. IFP Advisors Inc increased its position 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 during the last quarter. Legacy Wealth Managment LLC ID bought a new stake in Capital Group Core Bond ETF in the first quarter valued at approximately $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Capital Group Core Bond ETF in the fourth quarter valued at approximately $43,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Capital Group Core Bond ETF in the fourth quarter valued at approximately $73,000.

Capital Group Core Bond ETF Stock Performance

CGCB opened at $25.66 on Thursday. The stock’s fifty day simple moving average is $25.91 and its 200 day simple moving average is $26.18. Capital Group Core Bond ETF has a 1-year low of $25.61 and a 1-year high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a $0.1071 dividend. The ex-dividend date of this dividend was Friday, July 31st. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 5.0%.

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.