Capital Group Core Plus Income ETF $CGCP Holdings Cut by January Capital Advisors LLC

January Capital Advisors LLC reduced its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 37.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 368,860 shares of the company’s stock after selling 225,392 shares during the period. Capital Group Core Plus Income ETF makes up about 6.9% of January Capital Advisors LLC’s holdings, making the stock its 6th biggest holding. January Capital Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $8,222,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Studio Investment Management LLC grew its stake in Capital Group Core Plus Income ETF by 13.8% during the 2nd quarter. Studio Investment Management LLC now owns 265,518 shares of the company’s stock valued at $5,918,000 after purchasing an additional 32,256 shares in the last quarter. Ameritas Advisory Services LLC raised its position in shares of Capital Group Core Plus Income ETF by 395.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 62,484 shares of the company’s stock valued at $1,393,000 after purchasing an additional 49,873 shares in the last quarter. Kintra Wealth LLC boosted its stake in shares of Capital Group Core Plus Income ETF by 124.3% during the 2nd quarter. Kintra Wealth LLC now owns 98,704 shares of the company’s stock valued at $2,179,000 after buying an additional 54,700 shares during the last quarter. Endeavor Private Wealth Inc. grew its position in shares of Capital Group Core Plus Income ETF by 6.0% during the second quarter. Endeavor Private Wealth Inc. now owns 150,444 shares of the company’s stock worth $3,353,000 after buying an additional 8,537 shares in the last quarter. Finally, Midwest Heritage Bank FSB grew its position in shares of Capital Group Core Plus Income ETF by 3.8% during the second quarter. Midwest Heritage Bank FSB now owns 1,376,977 shares of the company’s stock worth $30,693,000 after buying an additional 49,992 shares in the last quarter.

Capital Group Core Plus Income ETF Stock Performance

CGCP opened at $21.88 on Monday. The company has a 50-day moving average of $22.08 and a 200-day moving average of $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 1-year low of $21.84 and a 1-year high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

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

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.