Citadel Advisors LLC Sells 266,492 Shares of Capital Group Core Plus Income ETF $CGCP

Citadel Advisors LLC reduced its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 62.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,537 shares of the company’s stock after selling 266,492 shares during the quarter. Citadel Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $3,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. CX Institutional purchased a new stake in Capital Group Core Plus Income ETF in the 2nd quarter worth about $35,000. US Bancorp DE purchased a new stake in Capital Group Core Plus Income ETF during the third quarter valued at about $41,000. Bessemer Group Inc. purchased a new stake in Capital Group Core Plus Income ETF during the first quarter valued at about $45,000. Clearstead Advisors LLC purchased a new stake in Capital Group Core Plus Income ETF during the fourth quarter valued at about $58,000. Finally, Godfrey Financial Associates Inc. bought a new position in Capital Group Core Plus Income ETF during the fourth quarter worth about $65,000.

Capital Group Core Plus Income ETF Price Performance

CGCP opened at $21.88 on Tuesday. The firm has a 50-day moving average price of $22.07 and a 200-day moving average price of $22.31. Capital Group Core Plus Income ETF has a twelve month low of $21.84 and a twelve month high of $23.00. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32.

Capital Group Core Plus Income ETF Increases Dividend

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

Capital Group Core Plus Income ETF Company 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.