Capital Group Core Plus Income ETF $CGCP Stock Acquired by Harbour Investments Inc.

Harbour Investments Inc. raised its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 4.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,578,528 shares of the company’s stock after purchasing an additional 164,565 shares during the quarter. Capital Group Core Plus Income ETF accounts for 1.1% of Harbour Investments Inc.’s portfolio, making the stock its 10th biggest position. Harbour Investments Inc.’s holdings in Capital Group Core Plus Income ETF were worth $75,757,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SYM FINANCIAL Corp purchased a new stake in shares of Capital Group Core Plus Income ETF during the third quarter valued at approximately $31,000. CX Institutional purchased a new position in shares of Capital Group Core Plus Income ETF in the second quarter worth $35,000. Bessemer Group Inc. purchased a new position in shares of Capital Group Core Plus Income ETF in the first quarter worth $45,000. Latitude Advisors LLC purchased a new position in shares of Capital Group Core Plus Income ETF in the third quarter worth $44,000. Finally, Trust Co. of Vermont purchased a new position in shares of Capital Group Core Plus Income ETF in the second quarter worth $110,000.

Capital Group Core Plus Income ETF Stock Performance

NYSEARCA:CGCP traded down $0.04 during midday trading on Friday, reaching $21.31. 2,657,316 shares of the stock traded hands, compared to its average volume of 1,776,580. The company has a fifty day moving average of $21.48 and a 200 day moving average of $22.14. Capital Group Core Plus Income ETF has a 12 month low of $21.08 and a 12 month high of $22.90. The stock has a market capitalization of $8.57 billion, a P/E ratio of 10.69 and a beta of 0.32.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were issued a $0.0895 dividend. This is a drop 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 dividend on an annualized basis 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.