324,191 Capital Group Core Plus Income ETF $CGCP Shares Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC grew its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 23.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,710,958 shares of the company’s stock after purchasing an additional 324,191 shares during the period. Kestra Investment Management LLC owned approximately 0.43% of Capital Group Core Plus Income ETF worth $36,221,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Core Plus Income ETF by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,369,670 shares of the company’s stock worth $275,720,000 after buying an additional 884,794 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Capital Group Core Plus Income ETF by 12.5% in the first quarter. Cetera Investment Advisers now owns 7,319,089 shares of the company’s stock worth $163,508,000 after acquiring an additional 814,939 shares in the last quarter. WNY Asset Management LLC bought a new stake in Capital Group Core Plus Income ETF in the first quarter worth $94,023,000. Royal Bank of Canada grew its stake in shares of Capital Group Core Plus Income ETF by 12.4% in the first quarter. Royal Bank of Canada now owns 3,989,237 shares of the company’s stock worth $89,120,000 after acquiring an additional 439,682 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Capital Group Core Plus Income ETF in the third quarter worth $61,921,000.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA:CGCP opened at $21.65 on Tuesday. Capital Group Core Plus Income ETF has a 1-year low of $21.08 and a 1-year high of $22.90. The business has a fifty day moving average price of $21.52 and a 200-day moving average price of $22.16. The company has a market capitalization of $8.67 billion, a PE ratio of 10.69 and a beta of 0.32.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were given a dividend of $0.0895 per share. This is a negative change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.07 annualized dividend and a yield of 5.0%.

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.