Avantax Advisory Services Inc. Buys 33,495 Shares of Capital Group Core Bond ETF (NYSEARCA:CGCB)

Avantax Advisory Services Inc. raised its position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 99.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,308 shares of the company’s stock after acquiring an additional 33,495 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Capital Group Core Bond ETF were worth $1,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CGCB. Stifel Financial Corp lifted its stake in shares of 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 period. Raymond James Financial Inc. purchased a new position in Capital Group Core Bond ETF during the fourth quarter valued at $19,207,000. Southern Style Financial Inc. purchased a new position in Capital Group Core Bond ETF during the fourth quarter valued at $17,992,000. Regatta Capital Group LLC bought a new stake in shares of Capital Group Core Bond ETF during the 4th quarter valued at $16,532,000. Finally, Private Advisor Group LLC grew its position in shares of 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 worth $19,873,000 after buying an additional 611,522 shares during the period.

Capital Group Core Bond ETF Price Performance

Shares of NYSEARCA CGCB opened at $26.21 on Tuesday. Capital Group Core Bond ETF has a 1 year low of $25.21 and a 1 year high of $27.24. The firm has a 50-day moving average of $25.97 and a 200 day moving average of $26.25.

Capital Group Core Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were issued a dividend of $0.072 per share. 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.