Citigroup Inc. Takes $2.18 Million Position in Capital Group Core Plus Income ETF $CGCP

Citigroup Inc. acquired a new stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 96,097 shares of the company’s stock, valued at approximately $2,183,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp bought a new position in Capital Group Core Plus Income ETF in the third quarter valued at about $32,000. MAI Capital Management acquired a new stake in shares of Capital Group Core Plus Income ETF during the second quarter valued at about $46,000. Marshall & Sterling Wealth Advisors Inc. grew its holdings in shares of Capital Group Core Plus Income ETF by 85.2% during the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,211 shares of the company’s stock worth $96,000 after purchasing an additional 1,937 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group Core Plus Income ETF in the third quarter valued at approximately $202,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Capital Group Core Plus Income ETF in the second quarter valued at approximately $209,000.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA CGCP opened at $22.62 on Friday. The company has a 50 day simple moving average of $22.73 and a 200 day simple moving average of $22.75. Capital Group Core Plus Income ETF has a 1 year low of $21.74 and a 1 year high of $23.00. The firm has a market cap of $6.78 billion, a PE ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a $0.0845 dividend. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 4.5%.

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.