Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Shares Bought by NavPoint Financial Inc.

NavPoint Financial Inc. boosted its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 25.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,136 shares of the company’s stock after acquiring an additional 78,033 shares during the period. Capital Group Core Plus Income ETF comprises 6.1% of NavPoint Financial Inc.’s portfolio, making the stock its 5th largest holding. NavPoint Financial Inc.’s holdings in Capital Group Core Plus Income ETF were worth $8,691,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors raised its position in shares of Capital Group Core Plus Income ETF by 22.9% in the fourth quarter. Capital International Investors now owns 13,561,469 shares of the company’s stock valued at $301,065,000 after buying an additional 2,522,846 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Capital Group Core Plus Income ETF by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,414,720 shares of the company’s stock valued at $231,207,000 after buying an additional 2,111,261 shares during the last quarter. LPL Financial LLC raised its position in shares of Capital Group Core Plus Income ETF by 55.2% in the fourth quarter. LPL Financial LLC now owns 8,521,216 shares of the company’s stock valued at $189,171,000 after buying an additional 3,030,805 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Capital Group Core Plus Income ETF by 15.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,494,352 shares of the company’s stock valued at $99,775,000 after buying an additional 606,369 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Capital Group Core Plus Income ETF by 1.4% in the fourth quarter. Cetera Investment Advisers now owns 4,290,947 shares of the company’s stock valued at $95,259,000 after buying an additional 57,639 shares during the last quarter.

Capital Group Core Plus Income ETF Price Performance

NYSEARCA:CGCP opened at $22.12 on Friday. The firm has a 50 day simple moving average of $22.17 and a 200-day simple moving average of $22.31. The firm has a market cap of $4.95 billion, a PE ratio of 10.69 and a beta of 0.35. Capital Group Core Plus Income ETF has a 1-year low of $21.74 and a 1-year high of $23.34.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were given a $0.0921 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Capital Group Core Plus Income ETF’s previous 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.