Capital Group Core Plus Income ETF $CGCP Stock Sold by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC cut its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 23.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,634,618 shares of the company’s stock after selling 500,380 shares during the quarter. Capital Group Core Plus Income ETF accounts for 2.5% of Stonebridge Financial Group LLC’s holdings, making the stock its 7th largest holding. Stonebridge Financial Group LLC owned approximately 0.42% of Capital Group Core Plus Income ETF worth $34,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in Capital Group Core Plus Income ETF by 13.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 84,268 shares of the company’s stock valued at $1,878,000 after acquiring an additional 10,152 shares during the period. Envestnet Asset Management Inc. grew its position in 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 valued at $275,720,000 after acquiring an additional 884,794 shares in the last quarter. Capital Analysts LLC increased its stake in Capital Group Core Plus Income ETF by 34.7% during the second quarter. Capital Analysts LLC now owns 267,958 shares of the company’s stock worth $5,973,000 after purchasing an additional 68,970 shares during the period. Integrated Wealth Concepts LLC increased its stake in Capital Group Core Plus Income ETF by 16.4% during the second quarter. Integrated Wealth Concepts LLC now owns 34,374 shares of the company’s stock worth $766,000 after purchasing an additional 4,848 shares during the period. Finally, RFG Advisory LLC lifted its position in shares of Capital Group Core Plus Income ETF by 13.7% during the second quarter. RFG Advisory LLC now owns 46,047 shares of the company’s stock worth $1,026,000 after purchasing an additional 5,540 shares in the last quarter.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA CGCP traded up $0.04 during midday trading on Thursday, hitting $21.21. The company’s stock had a trading volume of 3,791,357 shares, compared to its average volume of 1,655,457. The business’s fifty day simple moving average is $21.86 and its two-hundred day simple moving average is $22.17. Capital Group Core Plus Income ETF has a 1 year low of $21.08 and a 1 year high of $23.00. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.0925 per share. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0868. The ex-dividend date was Tuesday, September 29th. This represents a $1.11 dividend on an annualized basis and a yield of 5.2%.

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.