Valmark Advisers Inc. Grows Stake in Capital Group Core Bond ETF $CGCB

Valmark Advisers Inc. raised its position in Capital Group Core Bond ETF (NYSEARCA:CGCB) by 22.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,127,960 shares of the company’s stock after buying an additional 204,652 shares during the quarter. Valmark Advisers Inc.’s holdings in Capital Group Core Bond ETF were worth $29,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital International Investors raised its holdings in Capital Group Core Bond ETF by 92.3% in the third quarter. Capital International Investors now owns 19,008,607 shares of the company’s stock valued at $505,249,000 after acquiring an additional 9,125,578 shares in the last quarter. Johnson Bixby & Associates LLC grew its stake in shares of Capital Group Core Bond ETF by 14,622.3% in the fourth quarter. Johnson Bixby & Associates LLC now owns 2,044,780 shares of the company’s stock worth $54,228,000 after acquiring an additional 2,030,891 shares during the last quarter. Merit Financial Group LLC grew its position in Capital Group Core Bond ETF by 1,580.2% during the 3rd quarter. Merit Financial Group LLC now owns 1,935,910 shares of the company’s stock worth $51,456,000 after acquiring an additional 1,820,690 shares during the last quarter. Bank of America Corp DE lifted its position in Capital Group Core Bond ETF by 269.8% during the 2nd quarter. Bank of America Corp DE now owns 1,203,357 shares of the company’s stock worth $31,648,000 after buying an additional 877,912 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Capital Group Core Bond ETF by 22.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,374,447 shares of the company’s stock valued at $116,273,000 after acquiring an additional 797,548 shares during the last quarter.

Capital Group Core Bond ETF Stock Up 0.3%

Shares of CGCB stock opened at $26.48 on Wednesday. The stock has a 50-day moving average of $26.53 and a 200-day moving average of $26.59. Capital Group Core Bond ETF has a one year low of $25.71 and a one year high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a $0.086 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.9%. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.07.

About Capital Group Core Bond ETF

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.