Pines Wealth Management LLC Takes $808,000 Position in Capital Group Core Bond ETF (NYSEARCA:CGCB)

Pines Wealth Management LLC acquired a new stake in Capital Group Core Bond ETF (NYSEARCA:CGCB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 31,654 shares of the company’s stock, valued at approximately $808,000. Pines Wealth Management LLC owned about 0.35% of Capital Group Core Bond ETF at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CGCB. Benjamin F. Edwards & Company Inc. bought a new position in shares of Capital Group Core Bond ETF during the second quarter valued at $37,000. Private Trust Co. NA acquired a new stake in Capital Group Core Bond ETF in the third quarter valued at $46,000. Creative Financial Designs Inc. ADV increased its holdings in Capital Group Core Bond ETF by 993.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,547 shares of the company’s stock valued at $69,000 after purchasing an additional 2,314 shares during the period. Armstrong Fleming & Moore Inc bought a new position in Capital Group Core Bond ETF during the 3rd quarter worth $205,000. Finally, Kovack Advisors Inc. acquired a new position in Capital Group Core Bond ETF during the 3rd quarter worth about $216,000.

Capital Group Core Bond ETF Trading Up 0.2 %

NYSEARCA CGCB opened at $25.50 on Wednesday. The business’s 50-day moving average price is $26.00 and its two-hundred day moving average price is $26.37. Capital Group Core Bond ETF has a 12 month low of $25.21 and a 12 month high of $27.24.

Capital Group Core Bond ETF Cuts Dividend

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

Capital Group Core Bond ETF Company 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.