Hopwood Nicholas Hunter Makes New Investment in Capital Group Core Plus Income ETF $CGCP

Hopwood Nicholas Hunter purchased a new stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) in the 2nd quarter, Holdings Channel reports. The firm purchased 122,804 shares of the company’s stock, valued at approximately $2,737,000.

A number of other large investors have also made changes to their positions in CGCP. Kestra Investment Management LLC raised its position in shares of Capital Group Core Plus Income ETF by 11.0% during the fourth quarter. Kestra Investment Management LLC now owns 1,619,964 shares of the company’s stock worth $36,676,000 after purchasing an additional 160,802 shares during the period. Harbour Investments Inc. grew its position in shares of Capital Group Core Plus Income ETF by 33.8% in the 4th quarter. Harbour Investments Inc. now owns 2,819,563 shares of the company’s stock valued at $63,835,000 after purchasing an additional 711,803 shares during the period. TrueWealth Financial Partners acquired a new position in shares of Capital Group Core Plus Income ETF in the 4th quarter valued at approximately $1,450,000. Evolve Private Wealth LLC bought a new stake in Capital Group Core Plus Income ETF during the 4th quarter worth approximately $17,236,000. Finally, Midwest Heritage Bank FSB increased its stake in Capital Group Core Plus Income ETF by 22.4% during the 1st quarter. Midwest Heritage Bank FSB now owns 1,326,985 shares of the company’s stock worth $29,645,000 after purchasing an additional 242,411 shares in the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP opened at $21.88 on Friday. Capital Group Core Plus Income ETF has a twelve month low of $21.84 and a twelve month high of $23.00. The firm’s 50 day moving average price is $22.08 and its two-hundred day moving average price is $22.32. The firm has a market cap of $8.38 billion, a P/E ratio of 10.69 and a beta of 0.32.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued a dividend of $0.1074 per share. The ex-dividend date was Friday, July 31st. This is a positive change 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 dividend yield of 5.9%.

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.