Capital Group Core Plus Income ETF $CGCP Stake Lifted by Souders Financial Advisors

Souders Financial Advisors grew its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,944,032 shares of the company’s stock after purchasing an additional 132,055 shares during the quarter. Capital Group Core Plus Income ETF accounts for 8.0% of Souders Financial Advisors’ investment portfolio, making the stock its biggest position. Souders Financial Advisors owned 1.13% of Capital Group Core Plus Income ETF worth $66,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Integrated Wealth Concepts LLC raised its holdings in shares of Capital Group Core Plus Income ETF by 63.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 14,920 shares of the company’s stock valued at $335,000 after buying an additional 5,790 shares during the period. Goldman Sachs Group Inc. purchased a new position in Capital Group Core Plus Income ETF in the 1st quarter worth approximately $2,904,000. Focus Partners Wealth acquired a new stake in Capital Group Core Plus Income ETF in the first quarter valued at approximately $313,000. Truist Financial Corp raised its stake in shares of Capital Group Core Plus Income ETF by 131.1% during the second quarter. Truist Financial Corp now owns 345,341 shares of the company’s stock valued at $7,770,000 after purchasing an additional 195,906 shares during the period. Finally, Oak Hill Wealth Advisors LLC purchased a new stake in shares of Capital Group Core Plus Income ETF during the second quarter valued at approximately $685,000.

Capital Group Core Plus Income ETF Trading Down 0.4%

Shares of CGCP stock opened at $22.64 on Friday. The firm has a fifty day simple moving average of $22.70 and a 200-day simple moving average of $22.70. The company has a market capitalization of $6.85 billion, a PE ratio of 10.69 and a beta of 0.36. Capital Group Core Plus Income ETF has a twelve month low of $21.74 and a twelve month high of $23.00.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 30th will be paid a dividend of $0.0767 per share. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 4.1%.

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. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.