Capital Group Core Plus Income ETF $CGCP Stock Position Raised by Souders Financial Advisors

Souders Financial Advisors raised its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 4.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,944,032 shares of the company’s stock after purchasing an additional 132,055 shares during the period. Capital Group Core Plus Income ETF comprises approximately 8.0% of Souders Financial Advisors’ holdings, making the stock its largest holding. Souders Financial Advisors’ holdings in Capital Group Core Plus Income ETF were worth $66,888,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CGCP. Integrated Wealth Concepts LLC increased its stake 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 worth $335,000 after buying an additional 5,790 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Capital Group Core Plus Income ETF during the 1st quarter worth $2,904,000. Focus Partners Wealth acquired a new position in Capital Group Core Plus Income ETF during the 1st quarter worth $313,000. Truist Financial Corp increased its position in shares of Capital Group Core Plus Income ETF by 131.1% in the 2nd quarter. Truist Financial Corp now owns 345,341 shares of the company’s stock worth $7,770,000 after purchasing an additional 195,906 shares during the last quarter. Finally, Oak Hill Wealth Advisors LLC acquired a new stake in shares of Capital Group Core Plus Income ETF in the 2nd quarter valued at about $685,000.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP stock opened at $22.64 on Friday. The stock has a market capitalization of $6.85 billion, a price-to-earnings 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 company’s 50-day simple moving average is $22.70 and its 200-day simple moving average is $22.70.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be issued a dividend of $0.0767 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, January 30th.

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.