Brookstone Capital Management Takes $522,000 Position in Capital Group Core Bond ETF (NYSEARCA:CGCB)

Brookstone Capital Management purchased a new position in shares of Capital Group Core Bond ETF (NYSEARCA:CGCB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,256 shares of the company’s stock, valued at approximately $522,000. Brookstone Capital Management owned approximately 0.22% of Capital Group Core Bond ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CGCB. Advance Capital Management Inc. boosted its stake in Capital Group Core Bond ETF by 46.1% during the 3rd quarter. Advance Capital Management Inc. now owns 18,551,789 shares of the company’s stock valued at $499,971,000 after acquiring an additional 5,850,199 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Capital Group Core Bond ETF by 344.1% in the 3rd quarter. Stifel Financial Corp now owns 1,138,282 shares of the company’s stock valued at $30,677,000 after purchasing an additional 881,968 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Capital Group Core Bond ETF by 426.5% during the second quarter. Envestnet Asset Management Inc. now owns 897,994 shares of the company’s stock worth $23,186,000 after purchasing an additional 727,447 shares during the last quarter. American Financial Advisors LLC grew its stake in Capital Group Core Bond ETF by 5.6% in the third quarter. American Financial Advisors LLC now owns 875,459 shares of the company’s stock worth $23,594,000 after purchasing an additional 46,380 shares in the last quarter. Finally, Valmark Advisers Inc. increased its holdings in Capital Group Core Bond ETF by 4.8% in the third quarter. Valmark Advisers Inc. now owns 804,333 shares of the company’s stock valued at $21,677,000 after buying an additional 36,641 shares during the last quarter.

Capital Group Core Bond ETF Stock Performance

Shares of NYSEARCA CGCB opened at $25.78 on Friday. The stock’s 50 day moving average price is $25.98 and its two-hundred day moving average price is $26.36. Capital Group Core Bond ETF has a 52-week low of $25.21 and a 52-week high of $27.24.

Capital Group Core Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were given a dividend of $0.084 per share. The ex-dividend date was Friday, November 29th.

Capital Group Core Bond ETF 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.