Main Line Retirement Advisors LLC Cuts Holdings in Capital Group Core Plus Income ETF $CGCP

Main Line Retirement Advisors LLC trimmed its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 799,723 shares of the company’s stock after selling 16,526 shares during the period. Capital Group Core Plus Income ETF makes up approximately 10.2% of Main Line Retirement Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Main Line Retirement Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $17,994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CGCP. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Capital Group Core Plus Income ETF by 54.7% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,547 shares of the company’s stock valued at $35,000 after acquiring an additional 547 shares during the last quarter. NBC Securities Inc. increased its position in shares of Capital Group Core Plus Income ETF by 10,241.2% in the first quarter. NBC Securities Inc. now owns 1,758 shares of the company’s stock valued at $39,000 after acquiring an additional 1,741 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Capital Group Core Plus Income ETF in the fourth quarter valued at about $50,000. ORG Partners LLC increased its position in shares of Capital Group Core Plus Income ETF by 182.4% in the first quarter. ORG Partners LLC now owns 2,217 shares of the company’s stock valued at $50,000 after acquiring an additional 1,432 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Capital Group Core Plus Income ETF in the first quarter valued at about $53,000.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA CGCP opened at $22.87 on Monday. The business’s 50 day moving average price is $22.60 and its two-hundred day moving average price is $22.40. The company has a market cap of $5.39 billion, a PE ratio of 10.69 and a beta of 0.39. Capital Group Core Plus Income ETF has a twelve month low of $21.74 and a twelve month high of $23.29.

Capital Group Core Plus Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 31st were given a $0.1227 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.4%.

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.