185,123 Shares in Capital Group Core Plus Income ETF $CGCP Acquired by Modera Wealth Management LLC

Modera Wealth Management LLC purchased a new position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the third quarter, Holdings Channel reports. The institutional investor purchased 185,123 shares of the company’s stock, valued at approximately $3,919,000.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Capital Group Core Plus Income ETF in the third quarter worth $451,000. Blueprint Investment Partners LLC grew its stake in Capital Group Core Plus Income ETF by 10.7% in the 3rd quarter. Blueprint Investment Partners LLC now owns 37,809 shares of the company’s stock valued at $800,000 after purchasing an additional 3,651 shares during the period. Blueprint Financial Advisors LLC grew its stake in Capital Group Core Plus Income ETF by 10.7% in the 3rd quarter. Blueprint Financial Advisors LLC now owns 37,809 shares of the company’s stock valued at $800,000 after purchasing an additional 3,651 shares during the period. D.A. Davidson & CO. purchased a new stake in shares of Capital Group Core Plus Income ETF during the 3rd quarter valued at $23,316,000. Finally, William Mack & Associates Inc. purchased a new stake in shares of Capital Group Core Plus Income ETF during the 3rd quarter valued at $289,000.

Capital Group Core Plus Income ETF Price Performance

NYSEARCA CGCP opened at $21.57 on Friday. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a one year low of $21.08 and a one year high of $22.90. The business’s fifty day moving average is $21.58 and its 200-day moving average is $22.19.

Capital Group Core Plus Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 30th will be given a dividend of $0.0895 per share. The ex-dividend date is Friday, October 30th. This is a decrease from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925. This represents a $1.07 annualized dividend and a yield of 5.0%.

Capital Group Core Plus Income ETF 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.