Franklin Resources Inc. Invests $1.08 Million in Capital Group Core Plus Income ETF $CGCP

Franklin Resources Inc. purchased a new stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 48,155 shares of the company’s stock, valued at approximately $1,083,000.

A number of other institutional investors also recently bought and sold shares of the stock. Assetmark Inc. purchased a new position in shares of Capital Group Core Plus Income ETF in the 2nd quarter valued at approximately $221,000. Farther Finance Advisors LLC purchased a new stake in Capital Group Core Plus Income ETF in the second quarter worth $450,000. ORG Partners LLC raised its holdings in Capital Group Core Plus Income ETF by 491.7% in the second quarter. ORG Partners LLC now owns 13,118 shares of the company’s stock worth $295,000 after purchasing an additional 10,901 shares in the last quarter. Johnson Bixby & Associates LLC lifted its position in Capital Group Core Plus Income ETF by 1.7% during the second quarter. Johnson Bixby & Associates LLC now owns 5,631,675 shares of the company’s stock valued at $126,713,000 after buying an additional 94,691 shares during the period. Finally, Jane Street Group LLC lifted its position in Capital Group Core Plus Income ETF by 87.7% during the first quarter. Jane Street Group LLC now owns 521,993 shares of the company’s stock valued at $11,719,000 after buying an additional 243,963 shares during the period.

Capital Group Core Plus Income ETF Price Performance

NYSEARCA:CGCP opened at $22.68 on Friday. The firm’s 50-day moving average price is $22.78 and its 200-day moving average price is $22.59. The company has a market capitalization of $5.94 billion, a PE ratio of 10.69 and a beta of 0.36. Capital Group Core Plus Income ETF has a 1-year low of $21.74 and a 1-year high of $23.00.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 28th were issued a $0.0855 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, November 28th.

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.