25,420 Shares of Capital Group Core Plus Income ETF $CGCP Acquired by Burton Enright Welch

Burton Enright Welch bought a new stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,420 shares of the company’s stock, valued at approximately $538,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Capital Group Core Plus Income ETF by 7.7% in the second quarter. Envestnet Asset Management Inc. now owns 12,369,670 shares of the company’s stock worth $275,720,000 after buying an additional 884,794 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Capital Group Core Plus Income ETF by 12.5% in the first quarter. Cetera Investment Advisers now owns 7,319,089 shares of the company’s stock valued at $163,508,000 after acquiring an additional 814,939 shares during the period. WNY Asset Management LLC bought a new position in shares of Capital Group Core Plus Income ETF in the first quarter valued at approximately $94,023,000. Royal Bank of Canada boosted its position in shares of Capital Group Core Plus Income ETF by 12.4% in the first quarter. Royal Bank of Canada now owns 3,989,237 shares of the company’s stock valued at $89,120,000 after acquiring an additional 439,682 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in Capital Group Core Plus Income ETF during the third quarter valued at approximately $61,921,000.

Capital Group Core Plus Income ETF Stock Performance

Shares of NYSEARCA:CGCP opened at $21.64 on Monday. The company has a 50 day moving average of $21.53 and a 200 day moving average of $22.17. The stock has a market cap of $8.66 billion, a P/E ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 12 month low of $21.08 and a 12 month high of $22.90.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were issued a $0.0895 dividend. This represents a $1.07 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, October 30th. This is a negative change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925.

About Capital Group Core Plus Income ETF

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.