Convergence Financial LLC Trims Stake in Capital Group Core Plus Income ETF $CGCP

Convergence Financial LLC decreased its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 484,386 shares of the company’s stock after selling 10,104 shares during the period. Capital Group Core Plus Income ETF accounts for 1.9% of Convergence Financial LLC’s investment portfolio, making the stock its 16th biggest position. Convergence Financial LLC’s holdings in Capital Group Core Plus Income ETF were worth $10,899,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. LPL Financial LLC raised its stake in Capital Group Core Plus Income ETF by 45.6% in the 1st quarter. LPL Financial LLC now owns 12,405,221 shares of the company’s stock valued at $278,497,000 after purchasing an additional 3,884,005 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Core Plus Income ETF by 44.8% during the second quarter. Envestnet Asset Management Inc. now owns 7,601,504 shares of the company’s stock valued at $171,034,000 after buying an additional 2,353,628 shares during the period. Johnson Bixby & Associates LLC boosted its position in Capital Group Core Plus Income ETF by 1.7% during the second quarter. Johnson Bixby & Associates LLC now owns 5,631,675 shares of the company’s stock worth $126,713,000 after acquiring an additional 94,691 shares during the last quarter. Cetera Investment Advisers grew its stake 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 acquiring an additional 568,696 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Core Plus Income ETF by 10.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,605,576 shares of the company’s stock worth $103,395,000 after acquiring an additional 453,513 shares during the period.

Capital Group Core Plus Income ETF Stock Up 0.1%

Shares of Capital Group Core Plus Income ETF stock opened at $22.69 on Wednesday. Capital Group Core Plus Income ETF has a fifty-two week low of $21.74 and a fifty-two week high of $23.00. The business’s fifty day moving average is $22.81 and its two-hundred day moving average is $22.51. The firm has a market cap of $5.93 billion, a PE ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 31st were paid a dividend of $0.1107 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09.

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.