Capital International Investors Boosts Stake in Capital Group Core Plus Income ETF $CGCP

Capital International Investors lifted its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 23.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,082,005 shares of the company’s stock after purchasing an additional 6,290,122 shares during the quarter. Capital International Investors owned approximately 0.13% of Capital Group Core Plus Income ETF worth $751,623,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. grew its holdings in shares of Capital Group Core Plus Income ETF by 2.5% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 1,335,471 shares of the company’s stock worth $30,342,000 after buying an additional 33,117 shares during the last quarter. Aspire Growth Partners LLC purchased a new stake in Capital Group Core Plus Income ETF during the 2nd quarter valued at approximately $353,000. Franklin Resources Inc. purchased a new stake in Capital Group Core Plus Income ETF during the 2nd quarter valued at approximately $1,083,000. Benjamin Edwards Inc. lifted its position in Capital Group Core Plus Income ETF by 20.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 385,664 shares of the company’s stock worth $8,762,000 after acquiring an additional 65,065 shares during the period. Finally, Adamsbrown Wealth Consultants LLC increased its holdings in shares of Capital Group Core Plus Income ETF by 15.5% in the third quarter. Adamsbrown Wealth Consultants LLC now owns 1,457,043 shares of the company’s stock valued at $33,104,000 after purchasing an additional 195,549 shares during the period.

Capital Group Core Plus Income ETF Trading Down 0.4%

NYSEARCA:CGCP opened at $22.62 on Wednesday. Capital Group Core Plus Income ETF has a 12-month low of $21.74 and a 12-month high of $23.00. The stock’s 50 day simple moving average is $22.73 and its 200-day simple moving average is $22.75. The firm has a market cap of $6.78 billion, a P/E ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a $0.0845 dividend. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.