Sovran Advisors LLC Raises Stake in Capital Group Core Plus Income ETF $CGCP

Sovran Advisors LLC increased its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 595,453 shares of the company’s stock after buying an additional 31,461 shares during the quarter. Capital Group Core Plus Income ETF comprises approximately 1.2% of Sovran Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Sovran Advisors LLC owned 0.20% of Capital Group Core Plus Income ETF worth $13,535,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Capital Group Core Plus Income ETF by 63.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,920 shares of the company’s stock valued at $335,000 after acquiring an additional 5,790 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Capital Group Core Plus Income ETF during the first quarter worth $2,904,000. Focus Partners Wealth purchased a new position in shares of Capital Group Core Plus Income ETF during the first quarter worth $313,000. JPMorgan Chase & Co. lifted its position in Capital Group Core Plus Income ETF by 25.1% during the second quarter. JPMorgan Chase & Co. now owns 57,428 shares of the company’s stock valued at $1,292,000 after purchasing an additional 11,516 shares during the period. Finally, Franklin Resources Inc. acquired a new position in Capital Group Core Plus Income ETF during the second quarter valued at $1,083,000.

Capital Group Core Plus Income ETF Stock Performance

NYSEARCA:CGCP opened at $22.39 on Friday. The firm’s fifty day moving average is $22.62 and its two-hundred day moving average is $22.70. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. Capital Group Core Plus Income ETF has a one year low of $21.74 and a one year high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

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

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.