Kestra Investment Management LLC boosted its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Free Report) by 23.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,710,958 shares of the company’s stock after buying an additional 324,191 shares during the period. Kestra Investment Management LLC’s holdings in Capital Group Core Plus Income ETF were worth $36,221,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its stake 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 purchasing an additional 884,794 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Capital Group Core Plus Income ETF by 12.5% in the first quarter. Cetera Investment Advisers now owns 7,319,089 shares of the company’s stock worth $163,508,000 after purchasing an additional 814,939 shares during the last quarter. WNY Asset Management LLC purchased a new position in shares of Capital Group Core Plus Income ETF in the first quarter worth $94,023,000. Royal Bank of Canada raised 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 purchasing an additional 439,682 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of Capital Group Core Plus Income ETF during the third quarter valued at $61,921,000.
Capital Group Core Plus Income ETF Price Performance
Shares of NYSEARCA:CGCP opened at $21.65 on Tuesday. Capital Group Core Plus Income ETF has a 1 year low of $21.08 and a 1 year high of $22.90. The company has a market cap of $8.67 billion, a P/E ratio of 10.69 and a beta of 0.32. The stock’s fifty day moving average price is $21.52 and its 200-day moving average price is $22.16.
Capital Group Core Plus Income ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were given a $0.0895 dividend. This is a negative change 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. This represents a $1.07 dividend on an annualized basis and a yield of 5.0%.
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.
See Also
- Five stocks we like better than Capital Group Core Plus Income ETF
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Want to see what other hedge funds are holding CGCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Free Report).
Receive News & Ratings for Capital Group Core Plus Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Core Plus Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
