Convergence Financial LLC Sells 10,104 Shares of Capital Group Core Plus Income ETF $CGCP

Convergence Financial LLC lessened its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 484,386 shares of the company’s stock after selling 10,104 shares during the period. Capital Group Core Plus Income ETF makes up about 1.9% of Convergence Financial LLC’s portfolio, making the stock its 16th biggest holding. Convergence Financial LLC owned about 0.21% of Capital Group Core Plus Income ETF worth $10,899,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGCP. LPL Financial LLC increased its holdings in shares of Capital Group Core Plus Income ETF by 45.6% during the 1st quarter. LPL Financial LLC now owns 12,405,221 shares of the company’s stock valued at $278,497,000 after purchasing an additional 3,884,005 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Capital Group Core Plus Income ETF by 44.8% during the second quarter. Envestnet Asset Management Inc. now owns 7,601,504 shares of the company’s stock worth $171,034,000 after acquiring an additional 2,353,628 shares during the last quarter. Johnson Bixby & Associates LLC increased its holdings in shares of Capital Group Core Plus Income ETF by 1.7% in the second quarter. Johnson Bixby & Associates LLC now owns 5,631,675 shares of the company’s stock valued at $126,713,000 after purchasing an additional 94,691 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Capital Group Core Plus Income ETF by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 4,859,643 shares of the company’s stock worth $109,099,000 after acquiring an additional 568,696 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Core Plus Income ETF by 10.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,605,576 shares of the company’s stock valued at $103,395,000 after purchasing an additional 453,513 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP stock opened at $22.69 on Wednesday. The firm’s 50 day moving average price is $22.81 and its 200-day moving average price is $22.51. Capital Group Core Plus Income ETF has a one year low of $21.74 and a one year high of $23.00. The firm has a market cap of $5.93 billion, a P/E ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 31st were given a $0.1107 dividend. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

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.