Studio Investment Management LLC Boosts Holdings in Capital Group Core Plus Income ETF $CGCP

Studio Investment Management LLC boosted its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 13.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 265,518 shares of the company’s stock after buying an additional 32,256 shares during the quarter. Capital Group Core Plus Income ETF accounts for approximately 1.0% of Studio Investment Management LLC’s portfolio, making the stock its 25th biggest holding. Studio Investment Management LLC’s holdings in Capital Group Core Plus Income ETF were worth $5,918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CGCP. CX Institutional bought a new stake in shares of Capital Group Core Plus Income ETF during the 2nd quarter valued at $35,000. US Bancorp DE purchased a new position in Capital Group Core Plus Income ETF during the third quarter valued at $41,000. Bessemer Group Inc. bought a new stake in Capital Group Core Plus Income ETF during the first quarter valued at about $45,000. Clearstead Advisors LLC bought a new stake in Capital Group Core Plus Income ETF during the fourth quarter valued at about $58,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in Capital Group Core Plus Income ETF in the fourth quarter worth about $65,000.

Capital Group Core Plus Income ETF Price Performance

NYSEARCA CGCP opened at $21.88 on Monday. The stock’s 50-day moving average price is $22.08 and its 200-day moving average price is $22.31. The company has a market capitalization of $8.38 billion, a P/E ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 52 week low of $21.84 and a 52 week high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued a $0.1074 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a yield of 5.9%. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08.

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.