Franklin Resources Inc. Makes New Investment in Capital Group Core Plus Income ETF $CGCP

Franklin Resources Inc. bought a new position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,155 shares of the company’s stock, valued at approximately $1,083,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MAI Capital Management purchased a new position in shares of Capital Group Core Plus Income ETF in the 2nd quarter worth about $46,000. JPMorgan Chase & Co. increased its stake in Capital Group Core Plus Income ETF by 25.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 57,428 shares of the company’s stock valued at $1,292,000 after purchasing an additional 11,516 shares in the last quarter. Perennial Investment Advisors LLC increased its stake in Capital Group Core Plus Income ETF by 57.9% during the 2nd quarter. Perennial Investment Advisors LLC now owns 76,767 shares of the company’s stock valued at $1,727,000 after purchasing an additional 28,152 shares in the last quarter. Inspire Advisors LLC raised its holdings in Capital Group Core Plus Income ETF by 1.5% in the second quarter. Inspire Advisors LLC now owns 169,236 shares of the company’s stock worth $3,808,000 after buying an additional 2,422 shares during the last quarter. Finally, United Advisor Group LLC purchased a new position in Capital Group Core Plus Income ETF in the second quarter worth about $706,000.

Capital Group Core Plus Income ETF Stock Down 0.1%

NYSEARCA:CGCP opened at $22.68 on Friday. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. The company’s 50 day moving average price is $22.78 and its 200-day moving average price is $22.59. Capital Group Core Plus Income ETF has a 52 week low of $21.74 and a 52 week high of $23.00.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 28th were paid a dividend of $0.0855 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, November 28th.

Capital Group Core Plus Income ETF 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.