Capital Group Core Bond ETF (NYSEARCA:CGCB) Hits New 1-Year Low – Time to Sell?

Capital Group Core Bond ETF (NYSEARCA:CGCB)’s share price reached a new 52-week low on Tuesday. The company traded as low as $25.06 and last traded at $25.10, with a volume of 1229516 shares trading hands. The stock had previously closed at $25.25.

Capital Group Core Bond ETF Price Performance

The firm’s 50 day simple moving average is $25.69 and its 200-day simple moving average is $26.03.

Capital Group Core Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a $0.0956 dividend. This is an increase 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%. The ex-dividend date of this dividend was Tuesday, September 29th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Capital International Investors increased its position in shares of Capital Group Core Bond ETF by 24.4% during the 4th quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock worth $627,199,000 after purchasing an additional 4,641,432 shares during the last quarter. LPL Financial LLC grew its stake in shares of 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 buying an additional 5,195,824 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Core Bond ETF by 12.2% in the second quarter. Envestnet Asset Management Inc. now owns 7,721,547 shares of the company’s stock valued at $202,150,000 after buying an additional 841,106 shares in the last quarter. Cetera Investment Advisers increased its holdings in Capital Group Core Bond ETF by 17.7% during the first quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock worth $103,263,000 after buying an additional 591,197 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Capital Group Core Bond ETF by 36.1% during the first quarter. Bank of America Corp DE now owns 3,646,178 shares of the company’s stock worth $95,749,000 after buying an additional 968,033 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.