Citadel Advisors LLC Lowers Position in Capital Group Core Plus Income ETF $CGCP

Citadel Advisors LLC lessened its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 62.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 163,537 shares of the company’s stock after selling 266,492 shares during the quarter. Citadel Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $3,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors increased its position in shares of Capital Group Core Plus Income ETF by 24.7% in the fourth quarter. Capital International Investors now owns 41,266,604 shares of the company’s stock worth $934,276,000 after purchasing an additional 8,184,599 shares during the last quarter. LPL Financial LLC lifted its position in Capital Group Core Plus Income ETF by 25.1% during the fourth quarter. LPL Financial LLC now owns 23,722,685 shares of the company’s stock valued at $537,082,000 after purchasing an additional 4,757,976 shares during the last quarter. WNY Asset Management LLC bought a new stake in Capital Group Core Plus Income ETF during the first quarter valued at approximately $94,023,000. Morgan Stanley grew its stake in Capital Group Core Plus Income ETF by 14.2% in the 4th quarter. Morgan Stanley now owns 18,386,647 shares of the company’s stock worth $416,274,000 after buying an additional 2,287,585 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Capital Group Core Plus Income ETF by 14.3% in the 4th quarter. Wells Fargo & Company MN now owns 14,897,308 shares of the company’s stock worth $337,275,000 after buying an additional 1,861,484 shares in the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Capital Group Core Plus Income ETF stock opened at $21.88 on Tuesday. The firm’s fifty day moving average price is $22.07 and its 200-day moving average price is $22.31. The stock has a market cap of $8.38 billion, a P/E ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a fifty-two week low of $21.84 and a fifty-two week high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were paid a $0.1074 dividend. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Friday, July 31st.

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.