Capital Group Core Plus Income ETF $CGCP Shares Acquired by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. boosted its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 33.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 54,651 shares of the company’s stock after purchasing an additional 13,635 shares during the quarter. Richards Merrill & Peterson Inc.’s holdings in Capital Group Core Plus Income ETF were worth $1,230,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. LPL Financial LLC raised its stake in shares of Capital Group Core Plus Income ETF by 45.6% during the 1st quarter. LPL Financial LLC now owns 12,405,221 shares of the company’s stock worth $278,497,000 after purchasing an additional 3,884,005 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Capital Group Core Plus Income ETF by 16.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,247,876 shares of the company’s stock valued at $117,815,000 after purchasing an additional 753,524 shares during the period. Quadcap Wealth Management LLC boosted its position in shares of Capital Group Core Plus Income ETF by 7,134.7% in the first quarter. Quadcap Wealth Management LLC now owns 731,068 shares of the company’s stock valued at $16,412,000 after acquiring an additional 720,963 shares during the period. Cetera Investment Advisers grew its position in Capital Group Core Plus Income ETF by 13.3% in the 1st quarter. Cetera Investment Advisers now owns 4,859,643 shares of the company’s stock worth $109,099,000 after purchasing an additional 568,696 shares during the last quarter. Finally, Stonebridge Financial Group LLC lifted its position in shares of Capital Group Core Plus Income ETF by 50.8% in the 2nd quarter. Stonebridge Financial Group LLC now owns 1,637,195 shares of the company’s stock worth $36,837,000 after acquiring an additional 551,389 shares during the period.

Capital Group Core Plus Income ETF Stock Performance

Shares of Capital Group Core Plus Income ETF stock opened at $22.95 on Friday. Capital Group Core Plus Income ETF has a twelve month low of $21.74 and a twelve month high of $23.00. The firm’s 50-day simple moving average is $22.78 and its 200-day simple moving average is $22.46. The firm has a market cap of $5.95 billion, a P/E ratio of 10.69 and a beta of 0.39.

Capital Group Core Plus Income ETF Cuts Dividend

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