Belpointe Asset Management LLC Acquires 3,450 Shares of Capital Group Core Plus Income ETF $CGCP

Belpointe Asset Management LLC boosted its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 2.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 135,816 shares of the company’s stock after buying an additional 3,450 shares during the period. Belpointe Asset Management LLC’s holdings in Capital Group Core Plus Income ETF were worth $3,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Capital Group Core Plus Income ETF by 54.7% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,547 shares of the company’s stock worth $35,000 after acquiring an additional 547 shares in the last quarter. NBC Securities Inc. increased its holdings in Capital Group Core Plus Income ETF by 10,241.2% during the 1st quarter. NBC Securities Inc. now owns 1,758 shares of the company’s stock worth $39,000 after purchasing an additional 1,741 shares in the last quarter. ORG Partners LLC raised its stake in shares of Capital Group Core Plus Income ETF by 182.4% in the 1st quarter. ORG Partners LLC now owns 2,217 shares of the company’s stock valued at $50,000 after purchasing an additional 1,432 shares during the period. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Capital Group Core Plus Income ETF in the first quarter valued at about $53,000. Finally, CWM LLC acquired a new position in shares of Capital Group Core Plus Income ETF during the first quarter worth about $84,000.

Capital Group Core Plus Income ETF Stock Performance

NYSEARCA:CGCP opened at $22.75 on Tuesday. The stock has a 50-day simple moving average of $22.68 and a 200 day simple moving average of $22.42. Capital Group Core Plus Income ETF has a 52-week low of $21.74 and a 52-week high of $23.00. The company has a market cap of $5.88 billion, a PE ratio of 10.69 and a beta of 0.39.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were paid a dividend of $0.0901 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, September 29th.

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.