Confluence Wealth Services Inc. Buys 473,341 Shares of Capital Group Core Plus Income ETF $CGCP

Confluence Wealth Services Inc. grew its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 20.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,750,517 shares of the company’s stock after buying an additional 473,341 shares during the period. Capital Group Core Plus Income ETF accounts for approximately 1.5% of Confluence Wealth Services Inc.’s holdings, making the stock its 17th biggest holding. Confluence Wealth Services Inc. owned approximately 0.69% of Capital Group Core Plus Income ETF worth $58,228,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CGCP. SYM FINANCIAL Corp acquired a new stake in shares of Capital Group Core Plus Income ETF during the 3rd quarter worth $31,000. CX Institutional acquired a new position in Capital Group Core Plus Income ETF in the second quarter valued at $35,000. Latitude Advisors LLC acquired a new position in Capital Group Core Plus Income ETF in the third quarter valued at $44,000. Bessemer Group Inc. acquired a new position in Capital Group Core Plus Income ETF in the first quarter valued at $45,000. Finally, Barrett & Company Inc. purchased a new stake in Capital Group Core Plus Income ETF during the third quarter valued at about $105,000.

Capital Group Core Plus Income ETF Trading Down 0.7%

CGCP stock opened at $21.50 on Wednesday. The company has a market cap of $8.61 billion, a PE ratio of 10.69 and a beta of 0.32. The stock has a 50-day moving average price of $21.51 and a two-hundred day moving average price of $22.16. Capital Group Core Plus Income ETF has a 12-month low of $21.08 and a 12-month high of $22.90.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a $0.0895 dividend. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.07 annualized dividend and a dividend yield of 5.0%. This is a decrease from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925.

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.