Capital International Investors Trims Stake in Capital Group Core Bond ETF (NYSEARCA:CGCB)

Capital International Investors reduced its position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) by 47.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527,000 shares of the company’s stock after selling 483,000 shares during the period. Capital International Investors owned approximately 5.79% of Capital Group Core Bond ETF worth $13,699,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its stake in Capital Group Core Bond ETF by 161.1% in the first quarter. Osaic Holdings Inc. now owns 288,864 shares of the company’s stock worth $7,508,000 after purchasing an additional 178,221 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in Capital Group Core Bond ETF by 162.3% in the first quarter. Kingsview Wealth Management LLC now owns 51,720 shares of the company’s stock worth $1,344,000 after purchasing an additional 32,002 shares during the last quarter. Delta Investment Management LLC bought a new stake in Capital Group Core Bond ETF in the first quarter worth $1,269,000. Avantax Advisory Services Inc. bought a new stake in Capital Group Core Bond ETF in the first quarter worth $298,000. Finally, Concourse Financial Group Securities Inc. bought a new stake in Capital Group Core Bond ETF in the first quarter worth $73,000.

Capital Group Core Bond ETF Stock Performance

Shares of NYSEARCA:CGCB traded up $0.10 during midday trading on Friday, hitting $26.23. 212,733 shares of the stock traded hands, compared to its average volume of 230,598. The business’s 50 day moving average is $25.95 and its two-hundred day moving average is $25.90. Capital Group Core Bond ETF has a one year low of $24.42 and a one year high of $26.77.

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.