Sovran Advisors LLC Raises Stock Holdings in Capital Group Core Plus Income ETF $CGCP

Sovran Advisors LLC grew its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 595,453 shares of the company’s stock after buying an additional 31,461 shares during the quarter. Capital Group Core Plus Income ETF accounts for 1.2% of Sovran Advisors LLC’s investment portfolio, making the stock its 14th largest position. Sovran Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $13,535,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CGCP. Capital International Investors lifted its position in shares of Capital Group Core Plus Income ETF by 23.5% during the 3rd quarter. Capital International Investors now owns 33,082,005 shares of the company’s stock valued at $751,623,000 after buying an additional 6,290,122 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Capital Group Core Plus Income ETF by 18.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,025,453 shares of the company’s stock worth $205,058,000 after acquiring an additional 1,423,949 shares in the last quarter. Johnson Bixby & Associates LLC increased its holdings in Capital Group Core Plus Income ETF by 3.2% in the 3rd quarter. Johnson Bixby & Associates LLC now owns 5,811,902 shares of the company’s stock worth $132,046,000 after acquiring an additional 180,227 shares in the last quarter. Raymond James Financial Inc. raised its position in Capital Group Core Plus Income ETF by 17.2% during the third quarter. Raymond James Financial Inc. now owns 5,396,909 shares of the company’s stock worth $122,618,000 after acquiring an additional 790,814 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Capital Group Core Plus Income ETF by 5.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,243,014 shares of the company’s stock worth $119,121,000 after acquiring an additional 263,219 shares during the period.

Capital Group Core Plus Income ETF Price Performance

CGCP opened at $22.39 on Friday. The firm’s fifty day simple moving average is $22.62 and its two-hundred day simple moving average is $22.70. Capital Group Core Plus Income ETF has a 52-week low of $21.74 and a 52-week high of $23.00. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.0845 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 4.5%. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08.

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