J. Derek Lewis & Associates Inc. reduced its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Free Report) by 7.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 619,178 shares of the company’s stock after selling 53,419 shares during the period. Capital Group Core Plus Income ETF makes up approximately 2.4% of J. Derek Lewis & Associates Inc.’s investment portfolio, making the stock its 12th biggest position. J. Derek Lewis & Associates Inc.’s holdings in Capital Group Core Plus Income ETF were worth $13,108,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGCP. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Core Plus Income ETF by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 12,369,670 shares of the company’s stock valued at $275,720,000 after acquiring an additional 884,794 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Capital Group Core Plus Income ETF by 12.5% during the first 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 purchased a new stake in shares of Capital Group Core Plus Income ETF during the first quarter worth about $94,023,000. Royal Bank of Canada lifted its stake 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 worth $89,120,000 after acquiring an additional 439,682 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Capital Group Core Plus Income ETF in the third quarter worth about $61,921,000.
Capital Group Core Plus Income ETF Stock Performance
Shares of CGCP opened at $21.64 on Friday. The company has a market capitalization of $8.66 billion, a P/E ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a one year low of $21.08 and a one year high of $22.90. The stock has a 50-day moving average price of $21.53 and a 200 day moving average price of $22.17.
Capital Group Core Plus Income ETF Cuts Dividend
The firm also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were issued a dividend of $0.0895 per share. The ex-dividend date was Friday, October 30th. This represents a $1.07 annualized dividend and a yield of 5.0%. This is a drop from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925.
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. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.
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