Capital Group Core Plus Income ETF $CGCP Shares Bought by Studio Investment Management LLC

Studio Investment Management LLC increased its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 233,262 shares of the company’s stock after buying an additional 23,310 shares during the quarter. Capital Group Core Plus Income ETF comprises approximately 1.0% of Studio Investment Management LLC’s investment portfolio, making the stock its 28th largest holding. Studio Investment Management LLC owned 0.08% of Capital Group Core Plus Income ETF worth $5,281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC increased its holdings in Capital Group Core Plus Income ETF by 15.5% in the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 1,457,043 shares of the company’s stock worth $33,104,000 after buying an additional 195,549 shares during the period. Diversify Advisory Services LLC acquired a new position in Capital Group Core Plus Income ETF in the 4th quarter worth approximately $667,000. Affiance Financial LLC increased its holdings in Capital Group Core Plus Income ETF by 27.6% in the 4th quarter. Affiance Financial LLC now owns 245,357 shares of the company’s stock worth $5,555,000 after buying an additional 53,114 shares during the period. Citigroup Inc. acquired a new position in Capital Group Core Plus Income ETF in the 3rd quarter worth approximately $2,183,000. Finally, ProCore Advisors LLC acquired a new position in Capital Group Core Plus Income ETF in the 4th quarter worth approximately $1,633,000.

Capital Group Core Plus Income ETF Trading Up 0.3%

Shares of NYSEARCA:CGCP opened at $22.34 on Wednesday. Capital Group Core Plus Income ETF has a twelve month low of $22.02 and a twelve month high of $23.00. The company’s 50 day moving average is $22.39 and its 200 day moving average is $22.60. The company has a market cap of $7.57 billion, a PE ratio of 10.69 and a beta of 0.33.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a dividend of $0.0845 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend 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.