Capital Group Core Plus Income ETF $CGCP Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC reduced its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 4.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 780,874 shares of the company’s stock after selling 33,425 shares during the period. Diversify Advisory Services LLC’s holdings in Capital Group Core Plus Income ETF were worth $16,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake 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 lifted its stake in shares of Capital Group Core Plus Income ETF by 12.5% in the first quarter. Cetera Investment Advisers now owns 7,319,089 shares of the company’s stock valued at $163,508,000 after buying an additional 814,939 shares during the period. Janney Montgomery Scott LLC grew its position in Capital Group Core Plus Income ETF by 11.8% during the first quarter. Janney Montgomery Scott LLC now owns 4,915,821 shares of the company’s stock worth $109,819,000 after buying an additional 520,461 shares in the last quarter. WNY Asset Management LLC acquired a new stake in Capital Group Core Plus Income ETF during the first quarter worth about $94,023,000. Finally, Royal Bank of Canada grew its position in Capital Group Core Plus Income ETF by 12.4% during the first quarter. Royal Bank of Canada now owns 3,989,237 shares of the company’s stock worth $89,120,000 after buying an additional 439,682 shares in the last quarter.

Capital Group Core Plus Income ETF Stock Up 0.1%

Capital Group Core Plus Income ETF stock opened at $21.38 on Wednesday. The business has a 50 day moving average price of $21.65 and a two-hundred day moving average price of $22.06. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 12 month low of $21.08 and a 12 month high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.0925 per share. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0868. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Tuesday, September 29th.

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.