Flynn Zito Capital Management LLC Trims Stake in Capital Group Core Plus Income ETF $CGCP

Flynn Zito Capital Management LLC reduced its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 228,478 shares of the company’s stock after selling 22,312 shares during the quarter. Capital Group Core Plus Income ETF accounts for about 1.9% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Flynn Zito Capital Management LLC’s holdings in Capital Group Core Plus Income ETF were worth $5,191,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Tyler Stone Wealth Management increased its position in shares of Capital Group Core Plus Income ETF by 1.1% in the second quarter. Tyler Stone Wealth Management now owns 48,101 shares of the company’s stock worth $1,082,000 after purchasing an additional 540 shares during the last quarter. Asset Allocation Strategies LLC increased its holdings in shares of Capital Group Core Plus Income ETF by 1.4% in the 3rd quarter. Asset Allocation Strategies LLC now owns 38,089 shares of the company’s stock worth $865,000 after buying an additional 541 shares during the last quarter. Premier Path Wealth Partners LLC increased its holdings in shares of Capital Group Core Plus Income ETF by 1.0% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 53,614 shares of the company’s stock worth $1,218,000 after buying an additional 554 shares during the last quarter. Silverlake Wealth Management LLC raised its position in shares of Capital Group Core Plus Income ETF by 0.8% during the 2nd quarter. Silverlake Wealth Management LLC now owns 73,230 shares of the company’s stock valued at $1,648,000 after buying an additional 602 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its position in Capital Group Core Plus Income ETF by 0.6% in the third quarter. Dynamic Advisor Solutions LLC now owns 102,545 shares of the company’s stock worth $2,330,000 after acquiring an additional 637 shares in the last quarter.

Capital Group Core Plus Income ETF Stock Down 0.1%

Shares of CGCP stock opened at $22.62 on Wednesday. The firm has a market cap of $6.78 billion, a P/E ratio of 10.69 and a beta of 0.36. The business has a 50-day moving average price of $22.70 and a two-hundred day moving average price of $22.71. Capital Group Core Plus Income ETF has a 12-month low of $21.74 and a 12-month high of $23.00.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were given a dividend of $0.0767 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, January 30th.

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.