Richards Merrill & Peterson Inc. Acquires New Stake in Capital Group Core Bond ETF $CGCB

Richards Merrill & Peterson Inc. bought a new stake in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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 investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds also recently modified their holdings of CGCB. LongView Wealth Management lifted its stake in Capital Group Core Bond ETF by 7.0% in the 3rd quarter. LongView Wealth Management now owns 114,817 shares of the company’s stock worth $2,868,000 after acquiring an additional 7,510 shares in the last quarter. Copper Harbor Investment Advisors LLC boosted its position in Capital Group Core Bond ETF by 74.4% during the 3rd quarter. Copper Harbor Investment Advisors LLC now owns 154,454 shares of the company’s stock worth $3,858,000 after acquiring an additional 65,882 shares during the period. KWB Wealth purchased a new position in Capital Group Core Bond ETF during the 3rd quarter valued at about $10,032,000. Financial & Tax Architects LLC purchased a new stake in shares of Capital Group Core Bond ETF in the third quarter worth approximately $270,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Capital Group Core Bond ETF by 5.6% during the third quarter. AdvisorNet Financial Inc now owns 800,434 shares of the company’s stock worth $20,115,000 after purchasing an additional 42,486 shares during the period.

Capital Group Core Bond ETF Stock Down 0.3%

CGCB stock traded down $0.09 during midday trading on Monday, reaching $25.18. The company had a trading volume of 531,681 shares, compared to its average volume of 1,322,589. Capital Group Core Bond ETF has a 1 year low of $24.85 and a 1 year high of $26.91. The company has a 50 day moving average of $25.50 and a two-hundred day moving average of $25.93.

Capital Group Core Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued 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 yield of 4.6%. The ex-dividend date was Tuesday, September 29th.

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.