Capital Group Core Plus Income ETF $CGCP Stock Sold by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. cut its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 619,178 shares of the company’s stock after selling 53,419 shares during the quarter. Capital Group Core Plus Income ETF comprises about 2.4% of J. Derek Lewis & Associates Inc.’s investment portfolio, making the stock its 12th biggest position. J. Derek Lewis & Associates Inc. owned 0.15% of Capital Group Core Plus Income ETF worth $13,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Core Plus Income ETF by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 12,369,670 shares of the company’s stock worth $275,720,000 after purchasing an additional 884,794 shares in the last quarter. Cetera Investment Advisers grew its stake 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 buying an additional 814,939 shares in the last quarter. WNY Asset Management LLC acquired a new stake in shares of Capital Group Core Plus Income ETF in the first quarter valued at about $94,023,000. Royal Bank of Canada grew its stake 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 buying an additional 439,682 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Capital Group Core Plus Income ETF during the 3rd quarter valued at about $61,921,000.

Capital Group Core Plus Income ETF Stock Performance

Shares of NYSEARCA:CGCP opened at $21.64 on Friday. The company 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 one year low of $21.08 and a one year high of $22.90. The business’s 50-day simple moving average is $21.53 and its 200 day simple moving average is $22.17.

Capital Group Core Plus Income ETF Cuts Dividend

The business 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. The ex-dividend date was Friday, October 30th. This represents a $1.07 dividend on an annualized basis and a yield of 5.0%. This is a drop from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925.

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. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.