Raymond James Financial Inc. Makes New $93.45 Million Investment in Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

Raymond James Financial Inc. purchased a new position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,209,477 shares of the company’s stock, valued at approximately $93,450,000. Raymond James Financial Inc. owned approximately 4.30% of Capital Group Core Plus Income ETF as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. bought a new position in shares of Capital Group Core Plus Income ETF during the 4th quarter worth approximately $31,000. Transcendent Capital Group LLC bought a new position in Capital Group Core Plus Income ETF during the 3rd quarter valued at $53,000. Financial Perspectives Inc lifted its stake in Capital Group Core Plus Income ETF by 24.3% during the 4th quarter. Financial Perspectives Inc now owns 6,925 shares of the company’s stock valued at $154,000 after acquiring an additional 1,354 shares in the last quarter. Synergy Investment Management LLC purchased a new stake in shares of Capital Group Core Plus Income ETF during the 4th quarter valued at $155,000. Finally, IFP Advisors Inc increased its position in shares of Capital Group Core Plus Income ETF by 22.1% during the 4th quarter. IFP Advisors Inc now owns 7,081 shares of the company’s stock valued at $157,000 after purchasing an additional 1,280 shares during the last quarter.

Capital Group Core Plus Income ETF Price Performance

Shares of Capital Group Core Plus Income ETF stock opened at $22.49 on Monday. Capital Group Core Plus Income ETF has a 1 year low of $21.82 and a 1 year high of $23.34. The firm has a market cap of $4.46 billion, a PE ratio of 16.73 and a beta of 0.38. The stock has a fifty day moving average price of $22.31 and a 200-day moving average price of $22.59.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a dividend of $0.0801 per share. The ex-dividend date was Friday, January 31st.

Capital Group Core Plus Income ETF Company Profile

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.