Modera Wealth Management LLC Acquires New Shares in Capital Group Core Plus Income ETF $CGCP

Modera Wealth Management LLC bought a new position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 185,123 shares of the company’s stock, valued at approximately $3,919,000.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in Capital Group Core Plus Income ETF in the 3rd quarter valued at $451,000. Blueprint Investment Partners LLC raised its holdings in Capital Group Core Plus Income ETF by 10.7% during the third quarter. Blueprint Investment Partners LLC now owns 37,809 shares of the company’s stock worth $800,000 after buying an additional 3,651 shares during the last quarter. Blueprint Financial Advisors LLC raised its holdings in Capital Group Core Plus Income ETF by 10.7% during the third quarter. Blueprint Financial Advisors LLC now owns 37,809 shares of the company’s stock worth $800,000 after buying an additional 3,651 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Capital Group Core Plus Income ETF in the third quarter valued at $23,316,000. Finally, William Mack & Associates Inc. bought a new position in shares of Capital Group Core Plus Income ETF in the third quarter valued at $289,000.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA CGCP opened at $21.57 on Friday. The stock has a market capitalization of $8.62 billion, a P/E ratio of 10.69 and a beta of 0.32. The company has a 50-day moving average price of $21.58 and a 200-day moving average price of $22.19. Capital Group Core Plus Income ETF has a 1 year low of $21.08 and a 1 year high of $22.90.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 30th will be issued a $0.0895 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 5.0%. This is a drop from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925.

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.