Kovack Advisors Inc. Invests $216,000 in Capital Group Core Bond ETF (NYSEARCA:CGCB)

Kovack Advisors Inc. purchased a new stake in Capital Group Core Bond ETF (NYSEARCA:CGCB) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,997 shares of the company’s stock, valued at approximately $216,000. Kovack Advisors Inc. owned about 0.09% of Capital Group Core Bond ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. bought a new position in shares of Capital Group Core Bond ETF in the second quarter worth about $37,000. Creative Financial Designs Inc. ADV raised its position in Capital Group Core Bond ETF by 993.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,547 shares of the company’s stock worth $69,000 after purchasing an additional 2,314 shares during the last quarter. Armstrong Fleming & Moore Inc acquired a new position in Capital Group Core Bond ETF during the 3rd quarter worth $205,000. Saxony Capital Management LLC acquired a new position in shares of Capital Group Core Bond ETF during the second quarter valued at $213,000. Finally, Harbour Investments Inc. lifted its position in Capital Group Core Bond ETF by 5.4% during the 2nd quarter. Harbour Investments Inc. now owns 8,561 shares of the company’s stock valued at $221,000 after purchasing an additional 435 shares during the period.

Capital Group Core Bond ETF Price Performance

CGCB opened at $26.00 on Friday. The firm has a 50 day simple moving average of $26.62 and a 200 day simple moving average of $26.30. Capital Group Core Bond ETF has a fifty-two week low of $25.21 and a fifty-two week high of $27.24.

Capital Group Core Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were paid a $0.0849 dividend. The ex-dividend date of this dividend was Friday, September 27th.

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.