Wise Wealth Partners Acquires New Position in Capital Group Core Plus Income ETF $CGCP

Wise Wealth Partners acquired a new stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,769 shares of the company’s stock, valued at approximately $1,358,000. Capital Group Core Plus Income ETF comprises about 2.1% of Wise Wealth Partners’ investment portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CGCP. Integrated Wealth Concepts LLC raised its position in shares of Capital Group Core Plus Income ETF by 63.4% in the first quarter. Integrated Wealth Concepts LLC now owns 14,920 shares of the company’s stock valued at $335,000 after purchasing an additional 5,790 shares during the period. NewEdge Advisors LLC grew its stake in Capital Group Core Plus Income ETF by 16.6% in the 1st quarter. NewEdge Advisors LLC now owns 99,330 shares of the company’s stock valued at $2,230,000 after buying an additional 14,123 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Capital Group Core Plus Income ETF during the 1st quarter valued at $2,904,000. Jane Street Group LLC lifted its position in shares of Capital Group Core Plus Income ETF by 87.7% during the first quarter. Jane Street Group LLC now owns 521,993 shares of the company’s stock worth $11,719,000 after acquiring an additional 243,963 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of Capital Group Core Plus Income ETF during the first quarter worth $313,000.

Capital Group Core Plus Income ETF Price Performance

Capital Group Core Plus Income ETF stock opened at $22.72 on Friday. The firm has a market capitalization of $6.52 billion, a P/E ratio of 10.69 and a beta of 0.36. Capital Group Core Plus Income ETF has a one year low of $21.74 and a one year high of $23.00. The business has a fifty day moving average price of $22.70 and a 200-day moving average price of $22.67.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.1183 per share. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Wednesday, December 24th.

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