D.A. Davidson & CO. Has $18.26 Million Position in Capital Group Core Plus Income ETF $CGCP

D.A. Davidson & CO. grew its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 8.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 803,865 shares of the company’s stock after acquiring an additional 62,492 shares during the period. D.A. Davidson & CO.’s holdings in Capital Group Core Plus Income ETF were worth $18,264,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CGCP. MAI Capital Management acquired a new stake in Capital Group Core Plus Income ETF during the second quarter valued at $46,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Capital Group Core Plus Income ETF by 190.2% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,490 shares of the company’s stock worth $101,000 after purchasing an additional 2,943 shares during the last quarter. Olistico Wealth LLC raised its stake in shares of Capital Group Core Plus Income ETF by 20.5% during the 2nd quarter. Olistico Wealth LLC now owns 6,440 shares of the company’s stock worth $145,000 after purchasing an additional 1,094 shares in the last quarter. Financial Perspectives Inc raised its stake in shares of Capital Group Core Plus Income ETF by 10.7% during the 2nd quarter. Financial Perspectives Inc now owns 8,255 shares of the company’s stock worth $186,000 after purchasing an additional 799 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Capital Group Core Plus Income ETF by 9.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 8,451 shares of the company’s stock valued at $190,000 after buying an additional 723 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of NYSEARCA CGCP opened at $22.67 on Tuesday. The business has a 50 day simple moving average of $22.71 and a 200 day simple moving average of $22.66. Capital Group Core Plus Income ETF has a 52 week low of $21.74 and a 52 week high of $23.00. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were given a $0.1183 dividend. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, December 24th.

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. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.