Souders Financial Advisors Increases Holdings in Capital Group Core Plus Income ETF $CGCP

Souders Financial Advisors raised its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,050,545 shares of the company’s stock after acquiring an additional 106,513 shares during the period. Capital Group Core Plus Income ETF comprises about 7.9% of Souders Financial Advisors’ investment portfolio, making the stock its largest position. Souders Financial Advisors’ holdings in Capital Group Core Plus Income ETF were worth $69,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Capital International Investors grew its position in Capital Group Core Plus Income ETF by 23.5% in the third quarter. Capital International Investors now owns 33,082,005 shares of the company’s stock valued at $751,623,000 after acquiring an additional 6,290,122 shares during the period. Envestnet Asset Management Inc. grew its position 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 period. Raymond James Financial Inc. grew its position in Capital Group Core Plus Income ETF by 17.2% in the third quarter. Raymond James Financial Inc. now owns 5,396,909 shares of the company’s stock valued at $122,618,000 after acquiring an additional 790,814 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Capital Group Core Plus Income ETF by 5.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,243,014 shares of the company’s stock valued at $119,121,000 after acquiring an additional 263,219 shares during the period. Finally, UBS Group AG grew its position in Capital Group Core Plus Income ETF by 10.8% in the fourth quarter. UBS Group AG now owns 4,726,088 shares of the company’s stock valued at $106,999,000 after acquiring an additional 459,555 shares during the period.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA:CGCP opened at $22.36 on Friday. The business’s fifty day moving average price is $22.52 and its two-hundred day moving average price is $22.66. Capital Group Core Plus Income ETF has a fifty-two week low of $21.95 and a fifty-two week high of $23.00. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 10.69 and a beta of 0.33.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.0845 per share. The ex-dividend date was Friday, February 27th. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 4.5%.

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.