Gutierrez Wealth Advisory LLC Invests $520,000 in Capital Group Core Bond ETF $CGCB

Gutierrez Wealth Advisory LLC purchased a new position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 19,565 shares of the company’s stock, valued at approximately $520,000.

A number of other hedge funds also recently added to or reduced their stakes in CGCB. Merit Financial Group LLC lifted its position in Capital Group Core Bond ETF by 1,580.2% during the 3rd quarter. Merit Financial Group LLC now owns 1,935,910 shares of the company’s stock worth $51,456,000 after acquiring an additional 1,820,690 shares during the period. Bank of America Corp DE grew its position in Capital Group Core Bond ETF by 269.8% in the 2nd quarter. Bank of America Corp DE now owns 1,203,357 shares of the company’s stock valued at $31,648,000 after buying an additional 877,912 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Capital Group Core Bond ETF by 32.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,504,539 shares of the company’s stock valued at $92,169,000 after buying an additional 850,441 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Capital Group Core Bond ETF by 22.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,374,447 shares of the company’s stock valued at $116,273,000 after buying an additional 797,548 shares during the period. Finally, Raymond James Financial Inc. raised its position in Capital Group Core Bond ETF by 35.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,153,628 shares of the company’s stock worth $56,640,000 after buying an additional 564,095 shares during the last quarter.

Capital Group Core Bond ETF Stock Down 0.1%

Shares of NYSEARCA:CGCB opened at $26.74 on Wednesday. Capital Group Core Bond ETF has a fifty-two week low of $25.57 and a fifty-two week high of $26.91. The firm’s 50-day simple moving average is $26.63 and its 200-day simple moving average is $26.62.

Capital Group Core Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.086 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.9%. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.07.

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.