Capital Group Core Bond ETF (NYSEARCA:CGCB) is Advance Capital Management Inc.’s 2nd Largest Position

Advance Capital Management Inc. lowered its stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 10.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 16,600,090 shares of the company’s stock after selling 1,951,699 shares during the period. Capital Group Core Bond ETF comprises approximately 19.6% of Advance Capital Management Inc.’s holdings, making the stock its 2nd biggest holding. Advance Capital Management Inc. owned approximately 1.82% of Capital Group Core Bond ETF worth $428,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Capital Group Core Bond ETF in the 2nd quarter worth about $37,000. Private Trust Co. NA purchased a new position in Capital Group Core Bond ETF in the third quarter valued at approximately $46,000. Creative Financial Designs Inc. ADV lifted its position in Capital Group Core Bond ETF by 993.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,547 shares of the company’s stock valued at $69,000 after buying an additional 2,314 shares in the last quarter. Armstrong Fleming & Moore Inc purchased a new stake in Capital Group Core Bond ETF during the third quarter worth approximately $205,000. Finally, Kovack Advisors Inc. purchased a new stake in Capital Group Core Bond ETF during the third quarter worth approximately $216,000.

Capital Group Core Bond ETF Stock Performance

Shares of CGCB stock traded up $0.14 during mid-day trading on Monday, reaching $25.90. The company’s stock had a trading volume of 475,929 shares, compared to its average volume of 567,451. The company’s 50 day simple moving average is $26.08 and its 200-day simple moving average is $26.39. Capital Group Core Bond ETF has a 12-month low of $25.21 and a 12-month high of $27.24.

Capital Group Core Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were paid a dividend of $0.084 per share. The ex-dividend date was Friday, November 29th.

About Capital Group Core Bond ETF

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.