Capital Group Core Bond ETF (NYSEARCA:CGCB) Sets New 1-Year Low – Here’s Why

Capital Group Core Bond ETF (NYSEARCA:CGCB) shares hit a new 52-week low on Tuesday . The company traded as low as $25.70 and last traded at $25.73, with a volume of 32499 shares traded. The stock had previously closed at $25.77.

Capital Group Core Bond ETF Trading Down 0.2%

The company’s 50-day simple moving average is $25.99 and its 200-day simple moving average is $26.23.

Institutional Investors Weigh In On Capital Group Core Bond ETF

Several hedge funds have recently bought and sold shares of CGCB. Cauble & Harre Wealth Management Inc. bought a new stake in shares of Capital Group Core Bond ETF during the 4th quarter worth about $1,218,000. UBS Group AG grew its position in Capital Group Core Bond ETF by 63.5% during the fourth quarter. UBS Group AG now owns 344,151 shares of the company’s stock worth $9,127,000 after buying an additional 133,670 shares in the last quarter. Clear Point Advisors Inc. grew its holdings in shares of Capital Group Core Bond ETF by 89.3% during the 4th quarter. Clear Point Advisors Inc. now owns 55,614 shares of the company’s stock worth $1,475,000 after purchasing an additional 26,232 shares in the last quarter. Stephens Inc. AR increased its holdings in Capital Group Core Bond ETF by 18.8% in the 4th quarter. Stephens Inc. AR now owns 692,236 shares of the company’s stock valued at $18,358,000 after buying an additional 109,674 shares during the period. Finally, Meridian Wealth Management LLC increased its stake in Capital Group Core Bond ETF by 41.3% in the fourth quarter. Meridian Wealth Management LLC now owns 98,958 shares of the company’s stock valued at $2,624,000 after acquiring an additional 28,928 shares during the last quarter.

About Capital Group Core Bond ETF

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.