Northwestern Mutual Wealth Management Co. Has $11.72 Million Stake in Capital Group Core Bond ETF $CGCB

Northwestern Mutual Wealth Management Co. trimmed its position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 88.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 441,869 shares of the company’s stock after selling 3,349,504 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Core Bond ETF were worth $11,718,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Capital International Investors grew its stake in Capital Group Core Bond ETF by 92.3% during the third quarter. Capital International Investors now owns 19,008,607 shares of the company’s stock worth $505,249,000 after buying an additional 9,125,578 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Capital Group Core Bond ETF by 22.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,374,447 shares of the company’s stock worth $116,273,000 after buying an additional 797,548 shares in the last quarter. Raymond James Financial Inc. grew its stake in Capital Group Core Bond ETF by 2.7% during the third quarter. Raymond James Financial Inc. now owns 2,212,612 shares of the company’s stock worth $58,811,000 after buying an additional 58,984 shares in the last quarter. Johnson Bixby & Associates LLC grew its stake in Capital Group Core Bond ETF by 14,622.3% during the fourth quarter. Johnson Bixby & Associates LLC now owns 2,044,780 shares of the company’s stock worth $54,228,000 after buying an additional 2,030,891 shares in the last quarter. Finally, Merit Financial Group LLC grew its stake in Capital Group Core Bond ETF by 5.2% during the fourth quarter. Merit Financial Group LLC now owns 2,035,628 shares of the company’s stock worth $53,985,000 after buying an additional 99,718 shares in the last quarter.

Capital Group Core Bond ETF Trading Up 0.1%

Shares of Capital Group Core Bond ETF 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 firm’s 50-day moving average price is $26.29 and its two-hundred day moving average price is $26.51.

Capital Group Core Bond ETF Increases Dividend

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

About Capital Group Core Bond ETF

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.