Envestnet Portfolio Solutions Inc. Has $3.47 Million Stake in Capital Group Core Bond ETF $CGCB

Envestnet Portfolio Solutions Inc. boosted its position in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,989 shares of the company’s stock after buying an additional 21,853 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Core Bond ETF were worth $3,474,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunpointe LLC lifted its holdings in Capital Group Core Bond ETF by 501.0% in the third quarter. Sunpointe LLC now owns 82,728 shares of the company’s stock valued at $2,199,000 after buying an additional 68,964 shares during the period. Sovran Advisors LLC lifted its holdings in Capital Group Core Bond ETF by 12.4% in the fourth quarter. Sovran Advisors LLC now owns 367,885 shares of the company’s stock valued at $9,782,000 after buying an additional 40,652 shares during the period. Diversify Advisory Services LLC acquired a new position in Capital Group Core Bond ETF in the fourth quarter valued at $1,281,000. Werba Rubin Papier Wealth Management lifted its holdings in Capital Group Core Bond ETF by 3,078.7% in the third quarter. Werba Rubin Papier Wealth Management now owns 293,811 shares of the company’s stock valued at $7,810,000 after buying an additional 284,568 shares during the period. Finally, Saxony Capital Management LLC lifted its holdings in Capital Group Core Bond ETF by 49.6% in the fourth quarter. Saxony Capital Management LLC now owns 121,302 shares of the company’s stock valued at $3,217,000 after buying an additional 40,221 shares during the period.

Capital Group Core Bond ETF Stock Performance

CGCB stock opened at $26.05 on Friday. Capital Group Core Bond ETF has a 12-month low of $25.71 and a 12-month high of $26.91. The company’s fifty day simple moving average is $26.29 and its 200 day simple moving average is $26.51.

Capital Group Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a $0.086 dividend. The ex-dividend date was Friday, February 27th. This is a positive change from Capital Group Core Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 4.0%.

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.