Kestra Investment Management LLC Buys 160,802 Shares of Capital Group Core Plus Income ETF $CGCP

Kestra Investment Management LLC increased its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,619,964 shares of the company’s stock after purchasing an additional 160,802 shares during the quarter. Kestra Investment Management LLC owned about 0.54% of Capital Group Core Plus Income ETF worth $36,676,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Adamsbrown Wealth Consultants LLC grew its stake in shares of Capital Group Core Plus Income ETF by 15.5% during the third quarter. Adamsbrown Wealth Consultants LLC now owns 1,457,043 shares of the company’s stock valued at $33,104,000 after purchasing an additional 195,549 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Capital Group Core Plus Income ETF during the fourth quarter valued at approximately $667,000. Affiance Financial LLC grew its stake in shares of Capital Group Core Plus Income ETF by 27.6% during the fourth quarter. Affiance Financial LLC now owns 245,357 shares of the company’s stock valued at $5,555,000 after purchasing an additional 53,114 shares during the last quarter. Citigroup Inc. bought a new stake in shares of Capital Group Core Plus Income ETF during the third quarter valued at approximately $2,183,000. Finally, Stonebridge Financial Group LLC lifted its holdings in Capital Group Core Plus Income ETF by 5.0% in the fourth quarter. Stonebridge Financial Group LLC now owns 1,981,698 shares of the company’s stock valued at $44,866,000 after buying an additional 94,501 shares during the period.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA CGCP opened at $22.27 on Tuesday. The company’s 50 day simple moving average is $22.39 and its 200 day simple moving average is $22.60. Capital Group Core Plus Income ETF has a fifty-two week low of $22.02 and a fifty-two week high of $23.00. The firm has a market capitalization of $7.54 billion, a P/E ratio of 10.69 and a beta of 0.33.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a $0.0845 dividend. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, February 27th.

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.