Advance Capital Management Inc. Reduces Stock Holdings in Capital Group Core Bond ETF $CGCB

Advance Capital Management Inc. lessened its stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 97.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 158,731 shares of the company’s stock after selling 6,595,242 shares during the quarter. Advance Capital Management Inc.’s holdings in Capital Group Core Bond ETF were worth $4,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. 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 valued at $28,000 after acquiring an additional 880 shares during the last quarter. Clearstead Trust LLC bought a new stake in shares of Capital Group Core Bond ETF in the 3rd quarter worth about $37,000. Huntington National Bank bought a new stake in shares of Capital Group Core Bond ETF in the 3rd quarter worth about $54,000. EverSource Wealth Advisors LLC purchased a new position in shares of Capital Group Core Bond ETF during the 3rd quarter worth about $67,000. Finally, Marshall & Sterling Wealth Advisors Inc. boosted its stake in shares of Capital Group Core Bond ETF by 77.5% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,378 shares of the company’s stock worth $116,000 after purchasing an additional 1,912 shares during the period.

Capital Group Core Bond ETF Trading Up 0.1%

Shares of NYSEARCA:CGCB opened at $26.41 on Friday. Capital Group Core Bond ETF has a 12 month low of $25.57 and a 12 month high of $26.91. The firm’s 50-day moving average is $26.62 and its 200 day moving average is $26.63.

Capital Group Core Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a dividend of $0.086 per share. This is a positive change from Capital Group Core Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, February 27th.

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.