DAVENPORT & Co LLC Acquires 64,902 Shares of Capital Group Core Plus Income ETF $CGCP

DAVENPORT & Co LLC raised its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 60.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 172,643 shares of the company’s stock after purchasing an additional 64,902 shares during the period. DAVENPORT & Co LLC owned 0.07% of Capital Group Core Plus Income ETF worth $3,922,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CGCP. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Core Plus Income ETF by 44.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,504 shares of the company’s stock worth $171,034,000 after purchasing an additional 2,353,628 shares in the last quarter. Johnson Bixby & Associates LLC raised its stake 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 last quarter. Cetera Investment Advisers boosted its holdings in Capital Group Core Plus Income ETF by 9.3% in the second quarter. Cetera Investment Advisers now owns 5,312,064 shares of the company’s stock worth $119,521,000 after acquiring an additional 452,421 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Core Plus Income ETF by 8.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,979,795 shares of the company’s stock worth $112,045,000 after acquiring an additional 374,219 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Capital Group Core Plus Income ETF by 3.0% in the second quarter. Raymond James Financial Inc. now owns 4,606,095 shares of the company’s stock worth $103,637,000 after acquiring an additional 133,305 shares during the last quarter.

Capital Group Core Plus Income ETF Price Performance

CGCP opened at $22.66 on Friday. The stock has a 50-day moving average price of $22.75 and a 200-day moving average price of $22.64. The firm has a market cap of $5.93 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 Increases Dividend

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

Capital Group Core Plus Income ETF Company 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.