Capital Group Core Plus Income ETF $CGCP Stock Purchased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. grew its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 20.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,750,517 shares of the company’s stock after purchasing an additional 473,341 shares during the period. Capital Group Core Plus Income ETF comprises 1.5% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 17th largest holding. Confluence Wealth Services Inc.’s holdings in Capital Group Core Plus Income ETF were worth $58,228,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in shares of Capital Group Core Plus Income ETF by 7.7% in the second quarter. Envestnet Asset Management Inc. now owns 12,369,670 shares of the company’s stock worth $275,720,000 after acquiring an additional 884,794 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Capital Group Core Plus Income ETF by 12.5% in the 1st quarter. Cetera Investment Advisers now owns 7,319,089 shares of the company’s stock valued at $163,508,000 after acquiring an additional 814,939 shares during the period. WNY Asset Management LLC acquired a new position in shares of Capital Group Core Plus Income ETF during the 1st quarter valued at $94,023,000. Royal Bank of Canada lifted its holdings in shares of Capital Group Core Plus Income ETF by 12.4% during the 1st quarter. Royal Bank of Canada now owns 3,989,237 shares of the company’s stock valued at $89,120,000 after acquiring an additional 439,682 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Capital Group Core Plus Income ETF during the 3rd quarter valued at $61,921,000.

Capital Group Core Plus Income ETF Trading Down 0.7%

Shares of Capital Group Core Plus Income ETF stock opened at $21.50 on Wednesday. The company has a fifty day moving average price of $21.51 and a 200 day moving average price of $22.16. Capital Group Core Plus Income ETF has a twelve month low of $21.08 and a twelve month high of $22.90. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32.

Capital Group Core Plus Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were given a $0.0895 dividend. This represents a $1.07 annualized dividend and a yield of 5.0%. This is a drop from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925. The ex-dividend date of this dividend was Friday, October 30th.

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. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.