AdvisorNet Financial Inc Increases Stake in Capital Group Core Bond ETF $CGCB

AdvisorNet Financial Inc grew its holdings in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 968.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 678,524 shares of the company’s stock after purchasing an additional 615,045 shares during the quarter. AdvisorNet Financial Inc’s holdings in Capital Group Core Bond ETF were worth $17,818,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Capital International Investors lifted its holdings in Capital Group Core Bond ETF by 24.4% during the fourth quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock worth $627,199,000 after buying an additional 4,641,432 shares during the period. LPL Financial LLC grew its stake in Capital Group Core Bond ETF by 30.4% in the fourth quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock valued at $590,327,000 after purchasing an additional 5,195,824 shares during the last quarter. Morgan Stanley grew its stake in Capital Group Core Bond ETF by 13.2% in the fourth quarter. Morgan Stanley now owns 7,751,877 shares of the company’s stock valued at $205,580,000 after purchasing an additional 902,837 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Capital Group Core Bond ETF by 2.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,889,956 shares of the company’s stock worth $103,162,000 after purchasing an additional 98,583 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Capital Group Core Bond ETF by 17.3% during the fourth quarter. Cetera Investment Advisers now owns 3,341,147 shares of the company’s stock valued at $88,607,000 after buying an additional 492,018 shares during the last quarter.

Capital Group Core Bond ETF Trading Down 0.3%

NYSEARCA CGCB opened at $26.17 on Tuesday. The company has a 50 day moving average price of $26.22 and a 200 day moving average price of $26.43. Capital Group Core Bond ETF has a 52 week low of $25.84 and a 52 week high of $26.91.

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.