D.A. Davidson & CO. acquired a new stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,101,370 shares of the company’s stock, valued at approximately $23,316,000. D.A. Davidson & CO. owned 0.28% of Capital Group Core Plus Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in Capital Group Core Plus Income ETF by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,369,670 shares of the company’s stock valued at $275,720,000 after buying an additional 884,794 shares during the last quarter. Cetera Investment Advisers grew its holdings in Capital Group Core Plus Income ETF by 12.5% in the 1st quarter. Cetera Investment Advisers now owns 7,319,089 shares of the company’s stock worth $163,508,000 after acquiring an additional 814,939 shares during the last quarter. WNY Asset Management LLC bought a new stake in Capital Group Core Plus Income ETF in the 1st quarter worth $94,023,000. Royal Bank of Canada increased its position in shares of Capital Group Core Plus Income ETF by 12.4% in the first quarter. Royal Bank of Canada now owns 3,989,237 shares of the company’s stock valued at $89,120,000 after acquiring an additional 439,682 shares during the period. Finally, Baird Financial Group Inc. increased its position in shares of Capital Group Core Plus Income ETF by 15.3% in the second quarter. Baird Financial Group Inc. now owns 2,416,606 shares of the company’s stock valued at $53,866,000 after acquiring an additional 321,444 shares during the period.
Capital Group Core Plus Income ETF Trading Down 0.2%
CGCP stock opened at $21.54 on Thursday. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. The firm’s 50-day moving average price is $21.60 and its two-hundred day moving average price is $22.21. Capital Group Core Plus Income ETF has a 12-month low of $21.08 and a 12-month high of $23.00.
Capital Group Core Plus Income ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were paid a $0.0925 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0868. This represents a $1.11 annualized dividend and a dividend yield of 5.2%.
About Capital Group Core Plus Income ETF
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. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.
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