Capital Group Core Plus Income ETF $CGCP Stock: Kestra Advisory Services LLC Increases Position

Kestra Advisory Services LLC grew its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 27.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,160,927 shares of the company’s stock after acquiring an additional 250,232 shares during the quarter. Kestra Advisory Services LLC owned about 0.29% of Capital Group Core Plus Income ETF worth $24,577,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Core Plus Income ETF by 7.7% during the 2nd 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 during the last quarter. Cetera Investment Advisers grew its stake in 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 purchasing an additional 814,939 shares during the last quarter. WNY Asset Management LLC purchased a new position in Capital Group Core Plus Income ETF in the first quarter valued at about $94,023,000. Royal Bank of Canada raised its holdings in 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 worth $89,120,000 after purchasing an additional 439,682 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in Capital Group Core Plus Income ETF in the third quarter worth about $61,921,000.

Capital Group Core Plus Income ETF Stock Performance

CGCP stock opened at $21.64 on Friday. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. The firm has a 50-day simple moving average of $21.53 and a two-hundred day simple moving average of $22.17. Capital Group Core Plus Income ETF has a one year low of $21.08 and a one year high of $22.90.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were given a $0.0895 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, October 30th. This is a decrease from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925.

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