Private Advisor Group LLC Buys 50,779 Shares of Capital Group Core Plus Income ETF $CGCP

Private Advisor Group LLC boosted its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 445,422 shares of the company’s stock after buying an additional 50,779 shares during the quarter. Private Advisor Group LLC owned approximately 0.17% of Capital Group Core Plus Income ETF worth $10,120,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. PFG Advisors raised its position in shares of Capital Group Core Plus Income ETF by 20.9% during the third quarter. PFG Advisors now owns 56,649 shares of the company’s stock worth $1,287,000 after acquiring an additional 9,786 shares during the last quarter. Alpha Financial Advisors LLC increased its position in Capital Group Core Plus Income ETF by 1.6% during the 3rd quarter. Alpha Financial Advisors LLC now owns 66,025 shares of the company’s stock valued at $1,500,000 after purchasing an additional 1,021 shares during the period. Natixis Advisors LLC bought a new position in Capital Group Core Plus Income ETF during the 3rd quarter worth approximately $474,000. Integrity Advisory Solutions LLC bought a new position in Capital Group Core Plus Income ETF during the 3rd quarter worth approximately $316,000. Finally, Perennial Investment Advisors LLC lifted its position in shares of Capital Group Core Plus Income ETF by 19.8% in the 3rd quarter. Perennial Investment Advisors LLC now owns 91,989 shares of the company’s stock worth $2,090,000 after purchasing an additional 15,222 shares during the period.

Capital Group Core Plus Income ETF Stock Performance

NYSEARCA:CGCP opened at $22.52 on Thursday. The firm’s fifty day moving average is $22.73 and its 200-day moving average is $22.75. Capital Group Core Plus Income ETF has a 52 week low of $21.74 and a 52 week high of $23.00. The firm has a market cap of $6.75 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 announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a $0.0845 dividend. The ex-dividend date was Friday, February 27th. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 4.5%.

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.