Capital Group Core Plus Income ETF $CGCP Shares Sold by Investment Planning Advisors Inc.

Investment Planning Advisors Inc. reduced its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 841,368 shares of the company’s stock after selling 24,211 shares during the quarter. Capital Group Core Plus Income ETF makes up about 6.7% of Investment Planning Advisors Inc.’s portfolio, making the stock its 6th largest holding. Investment Planning Advisors Inc. owned about 0.36% of Capital Group Core Plus Income ETF worth $18,931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vicus Capital increased its position in Capital Group Core Plus Income ETF by 34.4% in the 2nd quarter. Vicus Capital now owns 17,446 shares of the company’s stock valued at $393,000 after acquiring an additional 4,465 shares during the period. Truist Financial Corp boosted its stake in shares of Capital Group Core Plus Income ETF by 131.1% in the 2nd quarter. Truist Financial Corp now owns 345,341 shares of the company’s stock valued at $7,770,000 after purchasing an additional 195,906 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its stake in shares of Capital Group Core Plus Income ETF by 18.4% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 14,175 shares of the company’s stock valued at $319,000 after purchasing an additional 2,200 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Capital Group Core Plus Income ETF by 7.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 2,871,186 shares of the company’s stock valued at $64,602,000 after purchasing an additional 207,858 shares during the last quarter. Finally, Greenbush Financial Group LLC boosted its stake in shares of Capital Group Core Plus Income ETF by 7.5% in the 2nd quarter. Greenbush Financial Group LLC now owns 357,203 shares of the company’s stock valued at $8,037,000 after purchasing an additional 25,031 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Performance

NYSEARCA:CGCP opened at $22.79 on Friday. The firm’s fifty day moving average is $22.67 and its 200-day moving average is $22.42. Capital Group Core Plus Income ETF has a 52 week low of $21.74 and a 52 week high of $23.09. The firm has a market cap of $5.37 billion, a P/E ratio of 10.69 and a beta of 0.39.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were paid a $0.0901 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, September 29th.

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.