Hopwood Nicholas Hunter Takes $2.74 Million Position in Capital Group Core Plus Income ETF $CGCP

Hopwood Nicholas Hunter purchased a new stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCPFree Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 122,804 shares of the company’s stock, valued at approximately $2,737,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CX Institutional bought a new position in shares of Capital Group Core Plus Income ETF in the 2nd quarter valued at about $35,000. US Bancorp DE acquired a new stake in Capital Group Core Plus Income ETF during the 3rd quarter worth $41,000. Bessemer Group Inc. bought a new stake in shares of Capital Group Core Plus Income ETF during the 1st quarter valued at $45,000. Clearstead Advisors LLC bought a new stake in shares of Capital Group Core Plus Income ETF during the 4th quarter valued at $58,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Capital Group Core Plus Income ETF in the 4th quarter valued at $65,000.

Capital Group Core Plus Income ETF Stock Down 0.1%

NYSEARCA:CGCP opened at $21.88 on Friday. Capital Group Core Plus Income ETF has a 12-month low of $21.84 and a 12-month high of $23.00. The stock’s fifty day simple moving average is $22.08 and its 200-day simple moving average is $22.32. The firm has a market capitalization of $8.38 billion, a P/E ratio of 10.69 and a beta of 0.32.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a dividend of $0.1074 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, July 31st.

Capital Group Core Plus Income ETF Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

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