Valmark Advisers Inc. Buys 36,641 Shares of Capital Group Core Bond ETF (NYSEARCA:CGCB)

Valmark Advisers Inc. boosted its stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 804,333 shares of the company’s stock after purchasing an additional 36,641 shares during the quarter. Valmark Advisers Inc. owned about 8.84% of Capital Group Core Bond ETF worth $21,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Capital Group Core Bond ETF Trading Down 0.2 %

Shares of CGCB stock traded down $0.05 during midday trading on Tuesday, hitting $26.19. The company had a trading volume of 258,723 shares, compared to its average volume of 339,571. Capital Group Core Bond ETF has a 52-week low of $24.54 and a 52-week high of $27.24. The company’s 50 day simple moving average is $26.81 and its 200 day simple moving average is $26.25.

Capital Group Core Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a dividend of $0.0849 per share. The ex-dividend date 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.