Kovack Advisors Inc. Acquires 876 Shares of Capital Group Core Bond ETF (NYSEARCA:CGCB)

Kovack Advisors Inc. lifted its stake in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,873 shares of the company’s stock after buying an additional 876 shares during the period. Kovack Advisors Inc. owned approximately 0.10% of Capital Group Core Bond ETF worth $229,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CGCB. Brookstone Capital Management bought a new position in Capital Group Core Bond ETF during the 4th quarter worth approximately $522,000. JPMorgan Chase & Co. bought a new position in shares of Capital Group Core Bond ETF in the third quarter worth approximately $330,000. Rockefeller Capital Management L.P. increased its stake in shares of Capital Group Core Bond ETF by 1,000.8% in the third quarter. Rockefeller Capital Management L.P. now owns 124,044 shares of the company’s stock worth $3,343,000 after buying an additional 112,775 shares during the period. Global Retirement Partners LLC raised its holdings in Capital Group Core Bond ETF by 24.0% during the 4th quarter. Global Retirement Partners LLC now owns 7,332 shares of the company’s stock valued at $189,000 after buying an additional 1,421 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Capital Group Core Bond ETF by 87.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,882 shares of the company’s stock valued at $435,000 after buying an additional 7,869 shares during the period.

Capital Group Core Bond ETF Price Performance

Shares of Capital Group Core Bond ETF stock opened at $26.36 on Friday. The company’s fifty day simple moving average is $25.87 and its two-hundred day simple moving average is $26.30. 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 firm also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were issued a dividend of $0.072 per share. The ex-dividend date of this dividend was Friday, January 31st.

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.