JPMorgan Chase & Co. Grows Position in Capital Group Core Plus Income ETF $CGCP

JPMorgan Chase & Co. raised its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 107.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 119,078 shares of the company’s stock after purchasing an additional 61,650 shares during the period. JPMorgan Chase & Co.’s holdings in Capital Group Core Plus Income ETF were worth $2,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGCP. Capital International Investors lifted its position in shares of Capital Group Core Plus Income ETF by 23.5% during the 3rd quarter. Capital International Investors now owns 33,082,005 shares of the company’s stock valued at $751,623,000 after buying an additional 6,290,122 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Capital Group Core Plus Income ETF by 18.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,025,453 shares of the company’s stock worth $205,058,000 after acquiring an additional 1,423,949 shares during the period. Johnson Bixby & Associates LLC lifted its holdings in Capital Group Core Plus Income ETF by 3.2% during the third quarter. Johnson Bixby & Associates LLC now owns 5,811,902 shares of the company’s stock valued at $132,046,000 after purchasing an additional 180,227 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Capital Group Core Plus Income ETF by 17.2% during the third quarter. Raymond James Financial Inc. now owns 5,396,909 shares of the company’s stock valued at $122,618,000 after purchasing an additional 790,814 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Capital Group Core Plus Income ETF by 5.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,243,014 shares of the company’s stock worth $119,121,000 after purchasing an additional 263,219 shares during the period.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA CGCP opened at $22.39 on Monday. The stock has a market cap of $7.32 billion, a PE ratio of 10.69 and a beta of 0.36. 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 fifty day moving average price of $22.62 and a 200-day moving average price of $22.70.

Capital Group Core Plus Income ETF Increases Dividend

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

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.