Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Declares Monthly Dividend of $0.09

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) declared a monthly dividend on Thursday, October 29th. Stockholders of record on Friday, October 30th will be given a dividend of $0.0895 per share on Monday, November 2nd. This represents a $1.07 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, October 30th. This is a 3.2% decrease from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925.

Capital Group Core Plus Income ETF Stock Down 0.3%

Shares of CGCP traded down $0.07 on Friday, hitting $21.52. The company’s stock had a trading volume of 817,020 shares, compared to its average volume of 1,734,945. The firm’s fifty day moving average price is $21.59 and its 200-day moving average price is $22.20. Capital Group Core Plus Income ETF has a fifty-two week low of $21.08 and a fifty-two week high of $22.90. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32.

Institutional Investors Weigh In On Capital Group Core Plus Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WNY Asset Management LLC bought a new position in shares of Capital Group Core Plus Income ETF during the first quarter worth about $94,023,000. Bernardo Wealth Planning LLC raised its stake in shares of Capital Group Core Plus Income ETF by 104.1% during the 3rd quarter. Bernardo Wealth Planning LLC now owns 2,531,520 shares of the company’s stock worth $53,592,000 after purchasing an additional 1,291,232 shares during the period. D.A. Davidson & CO. purchased a new stake in Capital Group Core Plus Income ETF during the third quarter valued at about $23,316,000. Valmark Advisers Inc. lifted its holdings in Capital Group Core Plus Income ETF by 99.0% during the 1st quarter. Valmark Advisers Inc. now owns 2,084,059 shares of the company’s stock worth $46,558,000 after purchasing an additional 1,036,587 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Capital Group Core Plus Income ETF by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 12,369,670 shares of the company’s stock valued at $275,720,000 after purchasing an additional 884,794 shares during the last quarter.

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.