Capital Group Core Plus Income ETF $CGCP is Adamsbrown Wealth Consultants LLC’s 2nd Largest Position

Adamsbrown Wealth Consultants LLC boosted its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 15.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,457,043 shares of the company’s stock after buying an additional 195,549 shares during the quarter. Capital Group Core Plus Income ETF makes up approximately 9.1% of Adamsbrown Wealth Consultants LLC’s portfolio, making the stock its 2nd biggest position. Adamsbrown Wealth Consultants LLC owned about 0.56% of Capital Group Core Plus Income ETF worth $33,104,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGCP. Envestnet Asset Management Inc. raised its holdings in Capital Group Core Plus Income ETF by 44.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,504 shares of the company’s stock valued at $171,034,000 after buying an additional 2,353,628 shares during the last quarter. Johnson Bixby & Associates LLC boosted its position in Capital Group Core Plus Income ETF by 3.2% during the 3rd quarter. Johnson Bixby & Associates LLC now owns 5,811,902 shares of the company’s stock valued at $132,046,000 after acquiring an additional 180,227 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Capital Group Core Plus Income ETF by 9.3% during the second quarter. Cetera Investment Advisers now owns 5,312,064 shares of the company’s stock valued at $119,521,000 after purchasing an additional 452,421 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Capital Group Core Plus Income ETF by 8.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,979,795 shares of the company’s stock valued at $112,045,000 after acquiring an additional 374,219 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Capital Group Core Plus Income ETF by 3.0% in the 2nd quarter. Raymond James Financial Inc. now owns 4,606,095 shares of the company’s stock worth $103,637,000 after purchasing an additional 133,305 shares in the last quarter.

Capital Group Core Plus Income ETF Trading Down 0.1%

NYSEARCA CGCP opened at $22.72 on Wednesday. Capital Group Core Plus Income ETF has a 12 month low of $21.74 and a 12 month high of $23.00. The stock’s fifty day moving average price is $22.71 and its 200-day moving average price is $22.69. The stock has a market cap of $6.72 billion, a P/E ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a $0.1183 dividend. 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. This represents a c) annualized dividend and a yield of 6.2%.

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.