Capital Group Core Bond ETF (NYSEARCA:CGCB) Reaches New 1-Year Low – Here’s Why

Capital Group Core Bond ETF (NYSEARCA:CGCB) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $25.73 and last traded at $25.73, with a volume of 31866 shares trading hands. The stock had previously closed at $25.92.

Capital Group Core Bond ETF Price Performance

The business has a 50 day simple moving average of $26.11 and a 200 day simple moving average of $26.34.

Institutional Investors Weigh In On Capital Group Core Bond ETF

Several institutional investors have recently made changes to their positions in the company. Capital International Investors raised its position 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 valued at $627,199,000 after acquiring an additional 4,641,432 shares in the last quarter. LPL Financial LLC grew its position 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 worth $590,327,000 after acquiring an additional 5,195,824 shares in the last quarter. Morgan Stanley grew its position 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 worth $205,580,000 after acquiring an additional 902,837 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Capital Group Core Bond ETF by 17.7% during the 1st quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock worth $103,263,000 after purchasing an additional 591,197 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake 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.