KPP Advisory Services LLC Takes $1.70 Million Position in Capital Group Core Bond ETF (NYSEARCA:CGCB)

KPP Advisory Services LLC bought a new stake in Capital Group Core Bond ETF (NYSEARCA:CGCB) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 63,057 shares of the company’s stock, valued at approximately $1,699,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CGCB. Osaic Holdings Inc. lifted its position in Capital Group Core Bond ETF by 161.1% during the 1st quarter. Osaic Holdings Inc. now owns 288,864 shares of the company’s stock worth $7,508,000 after buying an additional 178,221 shares in the last quarter. Smith Thornton Advisors LLC acquired a new position in Capital Group Core Bond ETF during the 2nd quarter valued at about $633,000. Dynamic Advisor Solutions LLC acquired a new position in Capital Group Core Bond ETF during the 2nd quarter valued at about $3,587,000. Envestnet Asset Management Inc. lifted its position in Capital Group Core Bond ETF by 426.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 897,994 shares of the company’s stock valued at $23,186,000 after purchasing an additional 727,447 shares during the period. Finally, Private Advisor Group LLC lifted its position in Capital Group Core Bond ETF by 58.8% during the 2nd quarter. Private Advisor Group LLC now owns 30,828 shares of the company’s stock valued at $796,000 after purchasing an additional 11,417 shares during the period.

Capital Group Core Bond ETF Stock Performance

Capital Group Core Bond ETF stock traded up $0.02 during trading hours on Friday, reaching $26.00. 891,147 shares of the company’s stock traded hands, compared to its average volume of 369,196. Capital Group Core Bond ETF has a fifty-two week low of $25.21 and a fifty-two week high of $27.24. The firm’s 50 day moving average is $26.60 and its 200-day moving average is $26.30.

Capital Group Core Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were paid a $0.0849 dividend. The ex-dividend date of this dividend was Friday, September 27th.

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.