Cambridge Investment Research Advisors Inc. Acquires 297,948 Shares of Capital Group Core Plus Income ETF $CGCP

Cambridge Investment Research Advisors Inc. grew its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 15.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,282,385 shares of the company’s stock after purchasing an additional 297,948 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Capital Group Core Plus Income ETF were worth $51,673,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CGCP. Integrated Wealth Concepts LLC raised its stake in shares of Capital Group Core Plus Income ETF by 63.4% during the first quarter. Integrated Wealth Concepts LLC now owns 14,920 shares of the company’s stock valued at $335,000 after acquiring an additional 5,790 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Capital Group Core Plus Income ETF during the first quarter valued at $2,904,000. Focus Partners Wealth bought a new position in shares of Capital Group Core Plus Income ETF during the first quarter valued at $313,000. JPMorgan Chase & Co. raised its stake in Capital Group Core Plus Income ETF by 25.1% during the second quarter. JPMorgan Chase & Co. now owns 57,428 shares of the company’s stock worth $1,292,000 after buying an additional 11,516 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in Capital Group Core Plus Income ETF by 79.1% during the second quarter. NewEdge Advisors LLC now owns 177,883 shares of the company’s stock worth $4,002,000 after buying an additional 78,553 shares during the last quarter.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA CGCP opened at $22.17 on Monday. 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 fifty day simple moving average of $22.44 and a 200 day simple moving average of $22.63. The company has a market capitalization of $7.51 billion, a PE ratio of 10.69 and a beta of 0.33.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently announced 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 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 4.6%. The ex-dividend date of this dividend was Friday, February 27th.

Capital Group Core Plus Income ETF Company 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. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.