Capital Group Core Bond ETF (NYSEARCA:CGCB) Hits New 52-Week Low – Time to Sell?

Capital Group Core Bond ETF (NYSEARCA:CGCB)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $24.85 and last traded at $24.9240, with a volume of 29989 shares traded. The stock had previously closed at $24.98.

Capital Group Core Bond ETF Trading Up 0.3%

The stock has a 50-day moving average price of $25.58 and a 200 day moving average price of $25.97.

Capital Group Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a $0.0956 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.0844. This represents a $1.15 dividend on an annualized basis and a yield of 4.6%.

Institutional Trading of Capital Group Core Bond ETF

A number of institutional investors have recently modified their holdings of CGCB. Dynamic Advisor Solutions LLC boosted its holdings in Capital Group Core Bond ETF by 0.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 138,294 shares of the company’s stock worth $3,621,000 after purchasing an additional 416 shares during the last quarter. Summit Global Investments increased its stake in Capital Group Core Bond ETF by 4.2% in the 1st quarter. Summit Global Investments now owns 14,133 shares of the company’s stock valued at $371,000 after buying an additional 565 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in Capital Group Core Bond ETF by 6.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 10,661 shares of the company’s stock worth $279,000 after buying an additional 663 shares in the last quarter. William Mack & Associates Inc. lifted its position in Capital Group Core Bond ETF by 7.6% during the 2nd quarter. William Mack & Associates Inc. now owns 13,782 shares of the company’s stock worth $361,000 after buying an additional 979 shares in the last quarter. Finally, Advisortrust Partners LLC acquired a new position in shares of Capital Group Core Bond ETF during the 1st quarter worth about $27,000.

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.