Confluence Wealth Services Inc. Acquires 61,926 Shares of Capital Group Core Plus Income ETF $CGCP

Confluence Wealth Services Inc. raised its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,236,582 shares of the company’s stock after buying an additional 61,926 shares during the quarter. Capital Group Core Plus Income ETF comprises approximately 1.5% of Confluence Wealth Services Inc.’s holdings, making the stock its 16th largest position. Confluence Wealth Services Inc.’s holdings in Capital Group Core Plus Income ETF were worth $27,823,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Financial Perspectives Inc lifted its stake in Capital Group Core Plus Income ETF by 7.7% in the 1st quarter. Financial Perspectives Inc now owns 7,456 shares of the company’s stock worth $167,000 after purchasing an additional 531 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Capital Group Core Plus Income ETF by 54.7% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,547 shares of the company’s stock worth $35,000 after buying an additional 547 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Capital Group Core Plus Income ETF by 2.6% during the first quarter. Arkadios Wealth Advisors now owns 22,444 shares of the company’s stock valued at $504,000 after buying an additional 579 shares during the last quarter. Breakwater Capital Group grew its holdings in Capital Group Core Plus Income ETF by 5.0% during the 2nd quarter. Breakwater Capital Group now owns 13,299 shares of the company’s stock valued at $299,000 after buying an additional 638 shares in the last quarter. Finally, Tyler Stone Wealth Management increased its stake in Capital Group Core Plus Income ETF by 2.1% in the 1st quarter. Tyler Stone Wealth Management now owns 47,561 shares of the company’s stock worth $1,068,000 after acquiring an additional 985 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Performance

CGCP stock opened at $22.78 on Monday. The firm has a fifty day moving average price of $22.68 and a 200 day moving average price of $22.42. Capital Group Core Plus Income ETF has a fifty-two week low of $21.74 and a fifty-two week high of $23.00. The firm has a market cap of $5.86 billion, a PE ratio of 10.69 and a beta of 0.39.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a dividend of $0.0901 per share. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, September 29th.

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.