Capital Group Core Bond ETF (NYSEARCA:CGCB) is Cannon Wealth Management Services LLC’s 6th Largest Position

Cannon Wealth Management Services LLC boosted its holdings in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 26.5% in the 4th quarter, Holdings Channel reports. The firm owned 199,628 shares of the company’s stock after purchasing an additional 41,765 shares during the period. Capital Group Core Bond ETF accounts for about 4.5% of Cannon Wealth Management Services LLC’s investment portfolio, making the stock its 6th biggest holding. Cannon Wealth Management Services LLC’s holdings in Capital Group Core Bond ETF were worth $5,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CGCB. Stifel Financial Corp raised its position in Capital Group Core Bond ETF by 344.1% in the 3rd quarter. Stifel Financial Corp now owns 1,138,282 shares of the company’s stock valued at $30,677,000 after purchasing an additional 881,968 shares during the last quarter. Southern Style Financial Inc. purchased a new stake in Capital Group Core Bond ETF in the 4th quarter valued at $17,992,000. Regatta Capital Group LLC purchased a new stake in Capital Group Core Bond ETF in the 4th quarter valued at $16,532,000. Private Advisor Group LLC raised its position in Capital Group Core Bond ETF by 384.5% in the 4th quarter. Private Advisor Group LLC now owns 770,576 shares of the company’s stock valued at $19,873,000 after purchasing an additional 611,522 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in Capital Group Core Bond ETF by 276.6% during the 4th quarter. D.A. Davidson & CO. now owns 671,984 shares of the company’s stock worth $17,330,000 after buying an additional 493,537 shares during the last quarter.

Capital Group Core Bond ETF Stock Performance

CGCB stock opened at $26.10 on Monday. Capital Group Core Bond ETF has a one year low of $25.21 and a one year high of $27.24. The company has a fifty day moving average of $25.84 and a 200-day moving average of $26.31.

Capital Group Core Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were paid a $0.072 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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.