Assetmark Inc. Grows Stock Holdings in Capital Group Core Plus Income ETF $CGCP

Assetmark Inc. lifted its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 348.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,075 shares of the company’s stock after purchasing an additional 34,238 shares during the quarter. Assetmark Inc.’s holdings in Capital Group Core Plus Income ETF were worth $1,001,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. MAI Capital Management purchased a new stake in Capital Group Core Plus Income ETF in the second quarter worth approximately $46,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Capital Group Core Plus Income ETF by 9.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 8,451 shares of the company’s stock valued at $190,000 after purchasing an additional 723 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Capital Group Core Plus Income ETF during the 3rd quarter valued at $202,000. Ameriprise Financial Inc. purchased a new position in Capital Group Core Plus Income ETF in the 2nd quarter worth $209,000. Finally, Cim LLC bought a new stake in Capital Group Core Plus Income ETF in the second quarter worth $210,000.

Capital Group Core Plus Income ETF Stock Performance

Shares of NYSEARCA:CGCP opened at $22.86 on Friday. The stock has a market capitalization of $6.85 billion, a P/E ratio of 10.69 and a beta of 0.36. The stock’s 50-day moving average price is $22.72 and its 200-day moving average price is $22.73. Capital Group Core Plus Income ETF has a 12-month low of $21.74 and a 12-month high of $23.00.

Capital Group Core Plus Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were paid a $0.0767 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, January 30th.

About Capital Group Core Plus Income ETF

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.