Capital Group Core Bond ETF (NYSEARCA:CGCB) Hits New 12-Month Low – What’s Next?

Shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $25.84 and last traded at $25.84, with a volume of 31681 shares trading hands. The stock had previously closed at $25.91.

Capital Group Core Bond ETF Stock Performance

The firm’s 50-day simple moving average is $26.11 and its 200 day simple moving average is $26.35.

Institutional Trading of Capital Group Core Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital International Investors raised its holdings in Capital Group Core Bond ETF by 24.4% during the fourth quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock worth $627,199,000 after acquiring an additional 4,641,432 shares in the last quarter. LPL Financial LLC grew its stake in Capital Group Core Bond ETF by 30.4% in the fourth quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock valued at $590,327,000 after purchasing an additional 5,195,824 shares in the last quarter. Morgan Stanley grew its stake in Capital Group Core Bond ETF by 13.2% in the fourth quarter. Morgan Stanley now owns 7,751,877 shares of the company’s stock valued at $205,580,000 after purchasing an additional 902,837 shares in the last quarter. Cetera Investment Advisers grew its stake in Capital Group Core Bond ETF by 17.7% in the first quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock valued at $103,263,000 after purchasing an additional 591,197 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Core Bond ETF by 2.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,889,956 shares of the company’s stock worth $103,162,000 after purchasing an additional 98,583 shares during the last quarter.

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.