Sovran Advisors LLC Has $9.78 Million Stake in Capital Group Core Bond ETF $CGCB

Sovran Advisors LLC raised its stake in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 367,885 shares of the company’s stock after acquiring an additional 40,652 shares during the period. Capital Group Core Bond ETF comprises about 0.8% of Sovran Advisors LLC’s investment portfolio, making the stock its 25th largest position. Sovran Advisors LLC’s holdings in Capital Group Core Bond ETF were worth $9,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGCB. IFP Advisors Inc boosted its stake in shares of Capital Group Core Bond ETF by 473.1% in the 3rd quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock valued at $28,000 after purchasing an additional 880 shares in 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 acquired a new stake in shares of Capital Group Core Bond ETF during the 3rd quarter worth about $54,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Capital Group Core Bond ETF during the 3rd quarter worth about $67,000. Finally, Marshall & Sterling Wealth Advisors Inc. lifted its holdings in 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 valued at $116,000 after purchasing an additional 1,912 shares during the last quarter.

Capital Group Core Bond ETF Stock Performance

NYSEARCA:CGCB opened at $26.32 on Friday. Capital Group Core Bond ETF has a 12 month low of $25.57 and a 12 month high of $26.91. The company’s 50-day moving average price is $26.56 and its two-hundred day moving average price is $26.60.

Capital Group Core Bond ETF Increases Dividend

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