Balboa Wealth Partners Buys New Holdings in Capital Group Core Plus Income ETF $CGCP

Balboa Wealth Partners bought a new stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 12,661 shares of the company’s stock, valued at approximately $285,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LPL Financial LLC raised its stake in Capital Group Core Plus Income ETF by 45.6% during the 1st quarter. LPL Financial LLC now owns 12,405,221 shares of the company’s stock valued at $278,497,000 after purchasing an additional 3,884,005 shares during the period. Johnson Bixby & Associates LLC increased its stake in Capital Group Core Plus Income ETF by 1.7% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 5,631,675 shares of the company’s stock worth $126,713,000 after acquiring an additional 94,691 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Capital Group Core Plus Income ETF by 16.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,247,876 shares of the company’s stock worth $117,815,000 after acquiring an additional 753,524 shares during the last quarter. Cetera Investment Advisers increased its stake in Capital Group Core Plus Income ETF by 13.3% in the 1st quarter. Cetera Investment Advisers now owns 4,859,643 shares of the company’s stock worth $109,099,000 after acquiring an additional 568,696 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Capital Group Core Plus Income ETF by 10.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,605,576 shares of the company’s stock worth $103,395,000 after acquiring an additional 453,513 shares during the last quarter.

Capital Group Core Plus Income ETF Price Performance

NYSEARCA:CGCP opened at $22.94 on Tuesday. Capital Group Core Plus Income ETF has a 1 year low of $21.74 and a 1 year high of $23.00. The stock’s 50 day simple moving average is $22.75 and its two-hundred day simple moving average is $22.44. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 10.69 and a beta of 0.39.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were paid a $0.0901 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 4.7%.

Capital Group Core Plus Income ETF Company 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.