Northwestern Mutual Wealth Management Co. Sells 4,447,143 Shares of Capital Group Core Plus Income ETF $CGCP

Northwestern Mutual Wealth Management Co. reduced its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 84.8% in the fourth quarter, Holdings Channel reports. The fund owned 795,871 shares of the company’s stock after selling 4,447,143 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Core Plus Income ETF were worth $18,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CGCP. Capital International Investors grew its position in shares of Capital Group Core Plus Income ETF by 23.5% during the 3rd quarter. Capital International Investors now owns 33,082,005 shares of the company’s stock valued at $751,623,000 after acquiring an additional 6,290,122 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Capital Group Core Plus Income ETF by 18.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,025,453 shares of the company’s stock valued at $205,058,000 after acquiring an additional 1,423,949 shares during the period. Susquehanna International Group LLP bought a new position in shares of Capital Group Core Plus Income ETF during the 3rd quarter valued at approximately $21,098,000. Aprio Wealth Management LLC bought a new position in shares of Capital Group Core Plus Income ETF during the 4th quarter valued at approximately $20,828,000. Finally, Raymond James Financial Inc. grew its position in shares of Capital Group Core Plus Income ETF by 17.2% during the 3rd quarter. Raymond James Financial Inc. now owns 5,396,909 shares of the company’s stock valued at $122,618,000 after acquiring an additional 790,814 shares during the period.

Capital Group Core Plus Income ETF Stock Up 0.5%

Capital Group Core Plus Income ETF stock opened at $22.21 on Thursday. Capital Group Core Plus Income ETF has a twelve month low of $21.95 and a twelve month high of $23.00. The firm has a 50 day moving average price of $22.41 and a 200-day moving average price of $22.61. The company has a market capitalization of $7.52 billion, a P/E ratio of 10.69 and a beta of 0.33.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a dividend of $0.0845 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, February 27th. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08.

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.