Richards Merrill & Peterson Inc. Purchases New Position in Capital Group Core Bond ETF $CGCB

Richards Merrill & Peterson Inc. purchased a new stake in Capital Group Core Bond ETF (NYSEARCA:CGCB) during the third quarter, HoldingsChannel.com reports. The fund purchased 117,096 shares of the company’s stock, valued at approximately $2,925,000. Capital Group Core Bond ETF accounts for 0.9% of Richards Merrill & Peterson Inc.’s holdings, making the stock its 27th biggest holding.

Other institutional investors also recently modified their holdings of the company. Advisortrust Partners LLC acquired a new stake in shares of Capital Group Core Bond ETF in the first quarter worth $27,000. Legacy Wealth Managment LLC ID bought a new position in Capital Group Core Bond ETF in the 1st quarter worth $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Capital Group Core Bond ETF in the 4th quarter worth $43,000. Silver Oak Securities Incorporated bought a new position in Capital Group Core Bond ETF in the 1st quarter worth $225,000. Finally, NWF Advisory Services Inc. acquired a new position in Capital Group Core Bond ETF during the 1st quarter worth $233,000.

Capital Group Core Bond ETF Stock Down 0.3%

Capital Group Core Bond ETF stock traded down $0.09 on Monday, reaching $25.18. 531,681 shares of the stock were exchanged, compared to its average volume of 1,322,589. Capital Group Core Bond ETF has a twelve month low of $24.85 and a twelve month high of $26.91. The firm has a fifty day moving average price of $25.50 and a two-hundred day moving average price of $25.93.

Capital Group Core Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a $0.0956 dividend. The ex-dividend date was Tuesday, September 29th. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.0844. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.6%.

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.