EQ Wealth Advisors LLC Increases Stock Position in Capital Group Core Plus Income ETF $CGCP

EQ Wealth Advisors LLC increased its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 31.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 38,332 shares of the company’s stock after acquiring an additional 9,268 shares during the quarter. Capital Group Core Plus Income ETF accounts for 0.6% of EQ Wealth Advisors LLC’s portfolio, making the stock its 26th largest position. EQ Wealth Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. LPL Financial LLC boosted its holdings in shares of Capital Group Core Plus Income ETF by 45.6% in the first quarter. LPL Financial LLC now owns 12,405,221 shares of the company’s stock worth $278,497,000 after buying an additional 3,884,005 shares during the last quarter. Johnson Bixby & Associates LLC boosted its holdings in shares of Capital Group Core Plus Income ETF by 1.7% in the second quarter. Johnson Bixby & Associates LLC now owns 5,631,675 shares of the company’s stock worth $126,713,000 after buying an additional 94,691 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group Core Plus Income ETF by 16.8% in the first quarter. Envestnet Asset Management Inc. now owns 5,247,876 shares of the company’s stock worth $117,815,000 after buying an additional 753,524 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Capital Group Core Plus Income ETF by 13.3% in the first quarter. Cetera Investment Advisers now owns 4,859,643 shares of the company’s stock worth $109,099,000 after buying an additional 568,696 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Core Plus Income ETF by 10.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,605,576 shares of the company’s stock worth $103,395,000 after buying an additional 453,513 shares during the last quarter.

Capital Group Core Plus Income ETF Trading Up 0.1%

CGCP opened at $22.86 on Wednesday. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 10.69 and a beta of 0.39. The company’s 50 day moving average is $22.72 and its 200 day moving average is $22.43. Capital Group Core Plus Income ETF has a 12-month low of $21.74 and a 12-month high of $23.00.

Capital Group Core Plus Income ETF Cuts Dividend

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

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.