Johnson Bixby & Associates LLC Has $20 Million Stake in Capital Group Core Plus Income ETF $CGCP

Johnson Bixby & Associates LLC reduced its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 84.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 883,426 shares of the company’s stock after selling 4,928,476 shares during the quarter. Capital Group Core Plus Income ETF comprises about 2.5% of Johnson Bixby & Associates LLC’s portfolio, making the stock its 13th largest position. Johnson Bixby & Associates LLC owned about 0.30% of Capital Group Core Plus Income ETF worth $20,001,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Investors boosted its position in shares of Capital Group Core Plus Income ETF by 23.5% during the 3rd quarter. Capital International Investors now owns 33,082,005 shares of the company’s stock worth $751,623,000 after acquiring an additional 6,290,122 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Capital Group Core Plus Income ETF by 18.7% in the third quarter. Envestnet Asset Management Inc. now owns 9,025,453 shares of the company’s stock valued at $205,058,000 after acquiring an additional 1,423,949 shares during the last quarter. Raymond James Financial Inc. raised its position in Capital Group Core Plus Income ETF by 17.2% during the third quarter. Raymond James Financial Inc. now owns 5,396,909 shares of the company’s stock valued at $122,618,000 after purchasing an additional 790,814 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Capital Group Core Plus Income ETF by 5.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,243,014 shares of the company’s stock worth $119,121,000 after purchasing an additional 263,219 shares during the last quarter. Finally, UBS Group AG lifted its stake in Capital Group Core Plus Income ETF by 8.3% during the third quarter. UBS Group AG now owns 4,266,533 shares of the company’s stock worth $96,936,000 after purchasing an additional 325,561 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP stock opened at $22.23 on Monday. Capital Group Core Plus Income ETF has a fifty-two week low of $21.74 and a fifty-two week high of $23.00. The stock’s fifty day moving average price is $22.65 and its two-hundred day moving average price is $22.72. The company has a market cap of $6.66 billion, a PE ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.0845 dividend. This represents a c) annualized dividend and a yield of 4.6%. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 27th.

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.