Burton Enright Welch purchased a new stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Free Report) during the third quarter, Holdings Channel reports. The firm purchased 25,420 shares of the company’s stock, valued at approximately $538,000.
A number of other large investors have also added to or reduced their stakes in the company. Baird Financial Group Inc. raised its holdings in shares of Capital Group Core Plus Income ETF by 15.3% during the 2nd quarter. Baird Financial Group Inc. now owns 2,416,606 shares of the company’s stock valued at $53,866,000 after buying an additional 321,444 shares in the last quarter. Diversify Wealth Management LLC lifted its position in Capital Group Core Plus Income ETF by 14.8% in the 1st quarter. Diversify Wealth Management LLC now owns 972,363 shares of the company’s stock worth $21,791,000 after buying an additional 125,453 shares during the last quarter. Hopwood Nicholas Hunter bought a new stake in Capital Group Core Plus Income ETF in the 2nd quarter worth approximately $2,737,000. Equity Wealth Partners LLC lifted its position in Capital Group Core Plus Income ETF by 30.7% in the 3rd quarter. Equity Wealth Partners LLC now owns 452,098 shares of the company’s stock worth $9,571,000 after buying an additional 106,096 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Capital Group Core Plus Income ETF in the first quarter worth approximately $602,000.
Capital Group Core Plus Income ETF Price Performance
Shares of CGCP opened at $21.64 on Monday. The firm has a market cap of $8.66 billion, a P/E ratio of 10.69 and a beta of 0.32. The stock has a 50 day simple moving average of $21.53 and a two-hundred day simple moving average of $22.17. Capital Group Core Plus Income ETF has a 1 year low of $21.08 and a 1 year high of $22.90.
Capital Group Core Plus Income ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a dividend of $0.0895 per share. This represents a $1.07 annualized dividend and a dividend yield of 5.0%. This is a drop from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925. The ex-dividend date of this dividend was Friday, October 30th.
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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