Smith Moore & CO. Acquires 11,564 Shares of Capital Group Core Bond ETF (NYSEARCA:CGCB)

Smith Moore & CO. raised its stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 44.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,415 shares of the company’s stock after purchasing an additional 11,564 shares during the period. Smith Moore & CO.’s holdings in Capital Group Core Bond ETF were worth $965,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in Capital Group Core Bond ETF by 229.3% in the fourth quarter. LPL Financial LLC now owns 5,292,538 shares of the company’s stock valued at $136,495,000 after acquiring an additional 3,685,336 shares during the last quarter. Stifel Financial Corp increased its position in shares of Capital Group Core Bond ETF by 344.1% during the third quarter. Stifel Financial Corp now owns 1,138,282 shares of the company’s stock worth $30,677,000 after buying an additional 881,968 shares during the period. Raymond James Financial Inc. bought a new position in Capital Group Core Bond ETF during the fourth quarter worth $19,207,000. Southern Style Financial Inc. acquired a new position in Capital Group Core Bond ETF in the fourth quarter valued at $17,992,000. Finally, Regatta Capital Group LLC acquired a new stake in Capital Group Core Bond ETF during the 4th quarter worth about $16,532,000.

Capital Group Core Bond ETF Price Performance

Shares of NYSEARCA:CGCB opened at $26.52 on Friday. The business’s 50-day moving average is $26.14 and its 200-day moving average is $26.20. Capital Group Core Bond ETF has a 1 year low of $25.21 and a 1 year high of $27.24.

Capital Group Core Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were paid a dividend of $0.0884 per share. The ex-dividend date was Friday, March 28th. This is a positive change from Capital Group Core Bond ETF’s previous dividend of $0.07.

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.