36,067 Shares in Capital Group Core Plus Income ETF $CGCP Acquired by Signature Equity Partners LLC

Signature Equity Partners LLC purchased a new stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 36,067 shares of the company’s stock, valued at approximately $764,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Security Financial Services INC. raised its holdings in Capital Group Core Plus Income ETF by 4.5% in the 3rd quarter. Security Financial Services INC. now owns 31,969 shares of the company’s stock valued at $677,000 after acquiring an additional 1,364 shares in the last quarter. MGO One Seven LLC raised its stake in shares of Capital Group Core Plus Income ETF by 25.2% in the 3rd quarter. MGO One Seven LLC now owns 15,621 shares of the company’s stock valued at $331,000 after buying an additional 3,143 shares in the last quarter. Greatmark Investment Partners Inc. raised its stake in shares of Capital Group Core Plus Income ETF by 0.6% in the 3rd quarter. Greatmark Investment Partners Inc. now owns 143,010 shares of the company’s stock valued at $3,028,000 after buying an additional 886 shares in the last quarter. Modera Wealth Management LLC acquired a new position in shares of Capital Group Core Plus Income ETF in the 3rd quarter valued at $3,919,000. Finally, International Assets Investment Management LLC bought a new position in shares of Capital Group Core Plus Income ETF during the 3rd quarter worth about $451,000.

Capital Group Core Plus Income ETF Price Performance

Shares of CGCP opened at $21.57 on Tuesday. The company has a 50-day moving average price of $21.57 and a two-hundred day moving average price of $22.19. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 12 month low of $21.08 and a 12 month high of $22.90.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were issued a dividend of $0.0895 per share. 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%. This is a drop from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925.

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.