Priebe Wealth Holdings LLC Takes Position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

Priebe Wealth Holdings LLC bought a new stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,188 shares of the company’s stock, valued at approximately $1,306,000. Capital Group Core Plus Income ETF makes up approximately 0.8% of Priebe Wealth Holdings LLC’s portfolio, making the stock its 23rd biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Capital Group Core Plus Income ETF in the fourth quarter valued at $93,450,000. LPL Financial LLC lifted its position in shares of Capital Group Core Plus Income ETF by 55.2% in the 4th quarter. LPL Financial LLC now owns 8,521,216 shares of the company’s stock worth $189,171,000 after purchasing an additional 3,030,805 shares during the period. Capital International Investors boosted its stake in shares of Capital Group Core Plus Income ETF by 22.9% during the 4th quarter. Capital International Investors now owns 13,561,469 shares of the company’s stock valued at $301,065,000 after purchasing an additional 2,522,846 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new position in shares of Capital Group Core Plus Income ETF during the fourth quarter valued at about $49,606,000. Finally, Wells Fargo & Company MN increased its position in shares of Capital Group Core Plus Income ETF by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,414,720 shares of the company’s stock valued at $231,207,000 after buying an additional 2,111,261 shares during the period.

Capital Group Core Plus Income ETF Price Performance

Shares of CGCP opened at $22.12 on Monday. The company has a 50-day simple moving average of $22.17 and a two-hundred day simple moving average of $22.31. The firm has a market capitalization of $4.95 billion, a PE ratio of 10.69 and a beta of 0.35. Capital Group Core Plus Income ETF has a one year low of $21.74 and a one year high of $23.34.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were given a $0.0921 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Capital Group Core Plus Income ETF’s previous dividend of $0.08.

Capital Group Core Plus Income ETF Profile

The Capital Group Core Plus Income ETF (CGCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in bonds and other debt securities issued by corporate and government entities from around the globe, with no limitations regarding credit ratings and maturities.