Farther Finance Advisors LLC Takes $450,000 Position in Capital Group Core Plus Income ETF $CGCP

Farther Finance Advisors LLC bought a new stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,011 shares of the company’s stock, valued at approximately $450,000.

Several other institutional investors also recently modified their holdings of the business. Silver Oak Securities Incorporated grew its holdings in shares of Capital Group Core Plus Income ETF by 9.2% in the second quarter. Silver Oak Securities Incorporated now owns 22,311 shares of the company’s stock valued at $502,000 after acquiring an additional 1,883 shares in the last quarter. LongView Wealth Management grew its holdings in Capital Group Core Plus Income ETF by 6.8% during the second quarter. LongView Wealth Management now owns 92,896 shares of the company’s stock valued at $2,090,000 after purchasing an additional 5,881 shares during the period. Affiance Financial LLC grew its holdings in Capital Group Core Plus Income ETF by 7.0% during the second quarter. Affiance Financial LLC now owns 170,480 shares of the company’s stock valued at $3,836,000 after purchasing an additional 11,126 shares during the period. KMG Fiduciary Partners LLC grew its holdings in Capital Group Core Plus Income ETF by 5.2% during the second quarter. KMG Fiduciary Partners LLC now owns 73,022 shares of the company’s stock valued at $1,643,000 after purchasing an additional 3,629 shares during the period. Finally, Sovran Advisors LLC grew its holdings in Capital Group Core Plus Income ETF by 76.9% during the second quarter. Sovran Advisors LLC now owns 462,510 shares of the company’s stock valued at $10,337,000 after purchasing an additional 201,082 shares during the period.

Capital Group Core Plus Income ETF Stock Performance

Shares of NYSEARCA CGCP opened at $22.77 on Friday. The stock has a fifty day simple moving average of $22.65 and a two-hundred day simple moving average of $22.41. Capital Group Core Plus Income ETF has a 1-year low of $21.74 and a 1-year high of $23.20. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 10.69 and a beta of 0.39.

Capital Group Core Plus Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 31st were issued a $0.1227 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Thursday, July 31st.

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.