Capital Group Core Plus Income ETF $CGCP Stock Position Cut by Forge Financial Services LLC

Forge Financial Services LLC lessened its position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 29.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,693 shares of the company’s stock after selling 31,803 shares during the period. Capital Group Core Plus Income ETF comprises 0.1% of Forge Financial Services LLC’s holdings, making the stock its 16th largest position. Forge Financial Services LLC’s holdings in Capital Group Core Plus Income ETF were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Equity Wealth Partners LLC boosted its position in shares of Capital Group Core Plus Income ETF by 30.7% during the third quarter. Equity Wealth Partners LLC now owns 452,098 shares of the company’s stock worth $9,571,000 after buying an additional 106,096 shares during the period. Baird Financial Group Inc. grew its holdings in shares of Capital Group Core Plus Income ETF by 15.3% during the second quarter. Baird Financial Group Inc. now owns 2,416,606 shares of the company’s stock worth $53,866,000 after buying an additional 321,444 shares in the last quarter. Kestra Investment Management LLC grew its holdings in shares of Capital Group Core Plus Income ETF by 23.4% during the third quarter. Kestra Investment Management LLC now owns 1,710,958 shares of the company’s stock worth $36,221,000 after buying an additional 324,191 shares in the last quarter. Hopwood Nicholas Hunter acquired a new stake in Capital Group Core Plus Income ETF in the 2nd quarter valued at approximately $2,737,000. Finally, Bank of New York Mellon Corp acquired a new stake in Capital Group Core Plus Income ETF in the 1st quarter valued at approximately $602,000.

Capital Group Core Plus Income ETF Stock Performance

Capital Group Core Plus Income ETF stock traded down $0.04 during midday trading on Friday, reaching $21.31. The stock had a trading volume of 2,657,316 shares, compared to its average volume of 1,776,580. The stock has a market capitalization of $8.57 billion, a P/E ratio of 10.69 and a beta of 0.32. The firm’s fifty day simple moving average is $21.48 and its 200-day simple moving average is $22.14. Capital Group Core Plus Income ETF has a 1-year low of $21.08 and a 1-year high of $22.90.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a dividend of $0.0895 per share. 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.

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.