American Financial Advisors LLC lowered its stake in Capital Group Core Bond ETF (NYSEARCA:CGCB – Free Report) by 2.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 691,505 shares of the company’s stock after selling 19,465 shares during the quarter. Capital Group Core Bond ETF comprises 2.4% of American Financial Advisors LLC’s portfolio, making the stock its 14th largest position. American Financial Advisors LLC’s holdings in Capital Group Core Bond ETF were worth $18,159,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Capital International Investors lifted its position in Capital Group Core Bond ETF by 24.4% during the 4th quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock worth $627,199,000 after acquiring an additional 4,641,432 shares in the last quarter. LPL Financial LLC raised its stake in shares of Capital Group Core Bond ETF by 30.4% during 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 period. Morgan Stanley lifted its position in shares of Capital Group Core Bond ETF by 13.2% during the fourth quarter. Morgan Stanley now owns 7,751,877 shares of the company’s stock worth $205,580,000 after purchasing an additional 902,837 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Capital Group Core Bond ETF by 17.7% during the first quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock worth $103,263,000 after purchasing an additional 591,197 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Capital Group Core Bond ETF by 2.6% during 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.
Capital Group Core Bond ETF Stock Performance
Shares of CGCB stock opened at $25.91 on Thursday. The firm has a fifty day simple moving average of $26.12 and a 200-day simple moving average of $26.36. Capital Group Core Bond ETF has a twelve month low of $25.84 and a twelve month high of $26.91.
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.
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