Spinnaker Investment Group LLC Makes New $2.38 Million Investment in Capital Group Core Bond ETF (NYSEARCA:CGCB)

Spinnaker Investment Group LLC purchased a new stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 92,357 shares of the company’s stock, valued at approximately $2,382,000. Capital Group Core Bond ETF comprises about 0.6% of Spinnaker Investment Group LLC’s portfolio, making the stock its 17th largest position.

Other hedge funds also recently modified their holdings of the company. Advance Capital Management Inc. increased its holdings in Capital Group Core Bond ETF by 46.1% in the third quarter. Advance Capital Management Inc. now owns 18,551,789 shares of the company’s stock valued at $499,971,000 after purchasing an additional 5,850,199 shares during the period. Stifel Financial Corp increased its stake in shares of Capital Group Core Bond ETF by 344.1% in the third quarter. Stifel Financial Corp now owns 1,138,282 shares of the company’s stock valued at $30,677,000 after buying an additional 881,968 shares during the period. American Financial Advisors LLC raised its position in shares of Capital Group Core Bond ETF by 5.6% during the third quarter. American Financial Advisors LLC now owns 875,459 shares of the company’s stock worth $23,594,000 after acquiring an additional 46,380 shares during the last quarter. Valmark Advisers Inc. lifted its stake in shares of Capital Group Core Bond ETF by 4.8% in the third quarter. Valmark Advisers Inc. now owns 804,333 shares of the company’s stock worth $21,677,000 after acquiring an additional 36,641 shares during the period. Finally, Stephens Inc. AR boosted its holdings in Capital Group Core Bond ETF by 0.7% in the third quarter. Stephens Inc. AR now owns 543,776 shares of the company’s stock valued at $14,655,000 after acquiring an additional 3,927 shares during the last quarter.

Capital Group Core Bond ETF Price Performance

NYSEARCA:CGCB opened at $25.75 on Friday. Capital Group Core Bond ETF has a fifty-two week low of $25.21 and a fifty-two week high of $27.24. The company has a 50 day simple moving average of $25.96 and a two-hundred day simple moving average of $26.36.

Capital Group Core Bond ETF Cuts Dividend

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

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.