Studio Investment Management LLC Purchases 32,256 Shares of Capital Group Core Plus Income ETF $CGCP

Studio Investment Management LLC grew its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 13.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 265,518 shares of the company’s stock after buying an additional 32,256 shares during the period. Capital Group Core Plus Income ETF makes up about 1.0% of Studio Investment Management LLC’s investment portfolio, making the stock its 25th largest holding. Studio Investment Management LLC owned about 0.07% of Capital Group Core Plus Income ETF worth $5,918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CGCP. CX Institutional purchased a new position in Capital Group Core Plus Income ETF in the 2nd quarter worth approximately $35,000. US Bancorp DE bought a new stake in shares of Capital Group Core Plus Income ETF in the 3rd quarter worth $41,000. Bessemer Group Inc. purchased a new position in shares of Capital Group Core Plus Income ETF in the first quarter worth $45,000. Clearstead Advisors LLC bought a new position in shares of Capital Group Core Plus Income ETF during the fourth quarter valued at $58,000. Finally, Godfrey Financial Associates Inc. bought a new stake in Capital Group Core Plus Income ETF in the 4th quarter worth about $65,000.

Capital Group Core Plus Income ETF Stock Performance

CGCP opened at $21.88 on Monday. The company’s 50-day simple moving average is $22.08 and its two-hundred day simple moving average is $22.31. The stock has a market capitalization of $8.38 billion, a P/E ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 52-week low of $21.84 and a 52-week high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a $0.1074 dividend. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

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.