Envestnet Asset Management Inc. Buys 606,369 Shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 15.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,494,352 shares of the company’s stock after acquiring an additional 606,369 shares during the quarter. Envestnet Asset Management Inc. owned approximately 4.60% of Capital Group Core Plus Income ETF worth $99,775,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in Capital Group Core Plus Income ETF by 25.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,414,720 shares of the company’s stock worth $231,207,000 after buying an additional 2,111,261 shares in the last quarter. Forge Financial Services LLC bought a new stake in Capital Group Core Plus Income ETF during the 4th quarter valued at approximately $2,742,000. Thoroughbred Financial Services LLC purchased a new position in Capital Group Core Plus Income ETF in the 4th quarter worth approximately $546,000. World Investment Advisors boosted its stake in Capital Group Core Plus Income ETF by 87.8% in the 4th quarter. World Investment Advisors now owns 43,105 shares of the company’s stock worth $957,000 after purchasing an additional 20,148 shares during the period. Finally, OLD Mission Capital LLC purchased a new stake in Capital Group Core Plus Income ETF during the 4th quarter valued at approximately $2,514,000.

Capital Group Core Plus Income ETF Price Performance

Capital Group Core Plus Income ETF stock opened at $22.03 on Wednesday. The firm’s 50 day moving average price is $22.42 and its 200-day moving average price is $22.48. Capital Group Core Plus Income ETF has a 1 year low of $21.82 and a 1 year high of $23.34. The stock has a market cap of $4.62 billion, a P/E ratio of 10.94 and a beta of 0.37.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were paid a $0.0921 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Capital Group Core Plus Income ETF’s previous dividend of $0.08.

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.