Farther Finance Advisors LLC Acquires 65,677 Shares of Capital Group Core Plus Income ETF $CGCP

Farther Finance Advisors LLC increased its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 328.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 85,688 shares of the company’s stock after purchasing an additional 65,677 shares during the period. Farther Finance Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $1,947,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MAI Capital Management purchased a new stake in Capital Group Core Plus Income ETF during the second quarter valued at about $46,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Capital Group Core Plus Income ETF in the 1st quarter valued at about $53,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Capital Group Core Plus Income ETF by 190.2% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,490 shares of the company’s stock valued at $101,000 after acquiring an additional 2,943 shares during the period. Olistico Wealth LLC boosted its holdings in Capital Group Core Plus Income ETF by 20.5% during the 2nd quarter. Olistico Wealth LLC now owns 6,440 shares of the company’s stock valued at $145,000 after acquiring an additional 1,094 shares during the period. Finally, Financial Perspectives Inc grew its position in Capital Group Core Plus Income ETF by 10.7% during the 2nd quarter. Financial Perspectives Inc now owns 8,255 shares of the company’s stock worth $186,000 after acquiring an additional 799 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP stock opened at $22.66 on Friday. The company has a market capitalization of $5.93 billion, a P/E ratio of 10.69 and a beta of 0.36. Capital Group Core Plus Income ETF has a fifty-two week low of $21.74 and a fifty-two week high of $23.00. The stock has a 50 day moving average price of $22.75 and a two-hundred day moving average price of $22.64.

Capital Group Core Plus Income ETF Increases Dividend

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

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.