Capital Group Core Plus Income ETF $CGCP Shares Sold by Investment Planning Advisors Inc.

Investment Planning Advisors Inc. decreased its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 72.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 228,154 shares of the company’s stock after selling 613,214 shares during the period. Capital Group Core Plus Income ETF comprises 1.6% of Investment Planning Advisors Inc.’s investment portfolio, making the stock its 13th biggest position. Investment Planning Advisors Inc. owned approximately 0.09% of Capital Group Core Plus Income ETF worth $5,184,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CGCP. Envestnet Asset Management Inc. grew its position in shares of Capital Group Core Plus Income ETF by 44.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,504 shares of the company’s stock valued at $171,034,000 after acquiring an additional 2,353,628 shares during the period. Merit Financial Group LLC boosted its position in Capital Group Core Plus Income ETF by 1,078.9% during the third quarter. Merit Financial Group LLC now owns 2,259,377 shares of the company’s stock worth $51,333,000 after purchasing an additional 2,067,719 shares in the last quarter. Stonebridge Financial Group LLC grew its holdings in Capital Group Core Plus Income ETF by 50.8% in the second quarter. Stonebridge Financial Group LLC now owns 1,637,195 shares of the company’s stock valued at $36,837,000 after purchasing an additional 551,389 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Capital Group Core Plus Income ETF by 17.0% in the second quarter. Commonwealth Equity Services LLC now owns 3,702,965 shares of the company’s stock valued at $83,317,000 after buying an additional 538,551 shares in the last quarter. Finally, Tribridge Partners Financial LLC purchased a new stake in shares of Capital Group Core Plus Income ETF in the second quarter valued at approximately $10,765,000.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA:CGCP opened at $22.64 on Friday. The business’s 50 day moving average price is $22.73 and its 200-day moving average price is $22.65. Capital Group Core Plus Income ETF has a 1 year low of $21.74 and a 1 year high of $23.00. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a $0.1183 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09. The ex-dividend date was Wednesday, December 24th.

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.