UBS Group AG Buys 459,555 Shares of Capital Group Core Plus Income ETF $CGCP

UBS Group AG boosted its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 10.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,726,088 shares of the company’s stock after acquiring an additional 459,555 shares during the quarter. UBS Group AG owned 1.60% of Capital Group Core Plus Income ETF worth $106,999,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CGCP. Integrated Wealth Concepts LLC grew its holdings in Capital Group Core Plus Income ETF by 63.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 14,920 shares of the company’s stock worth $335,000 after acquiring an additional 5,790 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Capital Group Core Plus Income ETF during the 1st quarter worth approximately $2,904,000. Focus Partners Wealth bought a new stake in Capital Group Core Plus Income ETF during the 1st quarter worth approximately $313,000. JPMorgan Chase & Co. grew its holdings in Capital Group Core Plus Income ETF by 25.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 57,428 shares of the company’s stock worth $1,292,000 after acquiring an additional 11,516 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Capital Group Core Plus Income ETF by 79.1% during the 2nd quarter. NewEdge Advisors LLC now owns 177,883 shares of the company’s stock worth $4,002,000 after acquiring an additional 78,553 shares during the last quarter.

Capital Group Core Plus Income ETF Price Performance

CGCP opened at $22.36 on Friday. Capital Group Core Plus Income ETF has a fifty-two week low of $21.95 and a fifty-two week high of $23.00. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 10.69 and a beta of 0.33. The company’s 50 day moving average price is $22.52 and its two-hundred day moving average price is $22.66.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently announced 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) dividend on an annualized basis and a 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.