Oak Hill Wealth Advisors LLC Makes New $685,000 Investment in Capital Group Core Plus Income ETF $CGCP

Oak Hill Wealth Advisors LLC bought a new position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the second quarter, HoldingsChannel reports. The fund bought 30,667 shares of the company’s stock, valued at approximately $685,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vicus Capital grew its stake in shares of Capital Group Core Plus Income ETF by 34.4% during the second quarter. Vicus Capital now owns 17,446 shares of the company’s stock worth $393,000 after buying an additional 4,465 shares during the last quarter. Truist Financial Corp grew its stake in shares of Capital Group Core Plus Income ETF by 131.1% in the second quarter. Truist Financial Corp now owns 345,341 shares of the company’s stock worth $7,770,000 after purchasing an additional 195,906 shares during the last quarter. Sterling Investment Advisors Ltd. grew its stake in shares of Capital Group Core Plus Income ETF by 18.4% in the second quarter. Sterling Investment Advisors Ltd. now owns 14,175 shares of the company’s stock worth $319,000 after purchasing an additional 2,200 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Capital Group Core Plus Income ETF by 7.8% in the second quarter. Janney Montgomery Scott LLC now owns 2,871,186 shares of the company’s stock worth $64,602,000 after purchasing an additional 207,858 shares during the last quarter. Finally, Greenbush Financial Group LLC grew its stake in shares of Capital Group Core Plus Income ETF by 7.5% in the second quarter. Greenbush Financial Group LLC now owns 357,203 shares of the company’s stock worth $8,037,000 after purchasing an additional 25,031 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Down 0.0%

Shares of Capital Group Core Plus Income ETF stock opened at $22.78 on Friday. Capital Group Core Plus Income ETF has a twelve month low of $21.74 and a twelve month high of $23.00. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 10.69 and a beta of 0.39. The company’s fifty day moving average is $22.68 and its 200 day moving average is $22.42.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid a $0.0901 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 4.7%.

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.