Tribridge Partners Financial LLC Takes $10.77 Million Position in Capital Group Core Plus Income ETF $CGCP

Tribridge Partners Financial LLC bought a new position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the second quarter, Holdings Channel.com reports. The fund bought 478,431 shares of the company’s stock, valued at approximately $10,765,000. Capital Group Core Plus Income ETF accounts for approximately 6.3% of Tribridge Partners Financial LLC’s investment portfolio, making the stock its 6th largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CGCP. Tyler Stone Wealth Management grew its position in Capital Group Core Plus Income ETF by 1.1% in the second quarter. Tyler Stone Wealth Management now owns 48,101 shares of the company’s stock worth $1,082,000 after buying an additional 540 shares during the last quarter. Silverlake Wealth Management LLC grew its holdings in shares of Capital Group Core Plus Income ETF by 0.8% in the 2nd quarter. Silverlake Wealth Management LLC now owns 73,230 shares of the company’s stock worth $1,648,000 after acquiring an additional 602 shares during the last quarter. Breakwater Capital Group raised its position in shares of Capital Group Core Plus Income ETF by 5.0% during the second quarter. Breakwater Capital Group now owns 13,299 shares of the company’s stock worth $299,000 after purchasing an additional 638 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Capital Group Core Plus Income ETF by 9.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 8,451 shares of the company’s stock valued at $190,000 after purchasing an additional 723 shares during the last quarter. Finally, Financial Perspectives Inc boosted its position in shares of Capital Group Core Plus Income ETF by 10.7% in the 2nd quarter. Financial Perspectives Inc now owns 8,255 shares of the company’s stock valued at $186,000 after purchasing an additional 799 shares during the period.

Capital Group Core Plus Income ETF Trading Down 0.3%

Shares of CGCP opened at $22.64 on Friday. The business’s 50-day moving average price is $22.77 and its 200 day moving average price is $22.61. The stock has a market capitalization of $5.93 billion, a P/E ratio of 10.69 and a beta of 0.36. Capital Group Core Plus Income ETF has a 1-year low of $21.74 and a 1-year high of $23.00.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 28th were issued a dividend of $0.0855 per share. The ex-dividend date was Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.