Harbour Investments Inc. Buys 711,803 Shares of Capital Group Core Plus Income ETF $CGCP

Harbour Investments Inc. lifted its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 33.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,819,563 shares of the company’s stock after acquiring an additional 711,803 shares during the period. Capital Group Core Plus Income ETF makes up approximately 1.3% of Harbour Investments Inc.’s investment portfolio, making the stock its 8th largest position. Harbour Investments Inc. owned about 0.94% of Capital Group Core Plus Income ETF worth $63,835,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in shares of Capital Group Core Plus Income ETF in the 3rd quarter valued at approximately $32,000. Central Pacific Bank Trust Division bought a new position in Capital Group Core Plus Income ETF in the 4th quarter valued at approximately $35,000. US Bancorp DE bought a new position in Capital Group Core Plus Income ETF in the 3rd quarter valued at approximately $41,000. Clearstead Advisors LLC bought a new position in Capital Group Core Plus Income ETF in the 4th quarter valued at approximately $58,000. Finally, Marshall & Sterling Wealth Advisors Inc. raised its holdings in Capital Group Core Plus Income ETF by 85.2% in the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,211 shares of the company’s stock valued at $96,000 after buying an additional 1,937 shares during the last quarter.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA CGCP opened at $22.27 on Tuesday. The company has a 50 day simple moving average of $22.39 and a 200 day simple moving average of $22.60. The firm has a market cap of $7.54 billion, a PE ratio of 10.69 and a beta of 0.33. Capital Group Core Plus Income ETF has a 1 year low of $22.02 and a 1 year high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a dividend of $0.0845 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, February 27th. This is a positive change 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.