Pillar Wealth Advisors LLC Cuts Stock Position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

Pillar Wealth Advisors LLC lessened its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,326 shares of the company’s stock after selling 1,000 shares during the period. Capital Group Core Plus Income ETF accounts for about 8.5% of Pillar Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Pillar Wealth Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $285,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CGCP. Capital International Investors grew its holdings in Capital Group Core Plus Income ETF by 141.2% during the first quarter. Capital International Investors now owns 4,365,332 shares of the company’s stock valued at $98,045,000 after purchasing an additional 2,555,581 shares during the last quarter. Cetera Investment Advisers boosted its stake in Capital Group Core Plus Income ETF by 895.0% during the 1st quarter. Cetera Investment Advisers now owns 2,551,928 shares of the company’s stock valued at $57,316,000 after purchasing an additional 2,295,444 shares during the period. Envestnet Asset Management Inc. increased its position in Capital Group Core Plus Income ETF by 44.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,210,622 shares of the company’s stock worth $71,340,000 after buying an additional 981,628 shares during the period. Raymond James & Associates lifted its holdings in shares of Capital Group Core Plus Income ETF by 63.9% during the third quarter. Raymond James & Associates now owns 2,479,858 shares of the company’s stock worth $57,334,000 after buying an additional 967,129 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Capital Group Core Plus Income ETF by 38.7% in the third quarter. Commonwealth Equity Services LLC now owns 2,620,974 shares of the company’s stock valued at $60,597,000 after acquiring an additional 731,316 shares during the period.

Capital Group Core Plus Income ETF Stock Performance

CGCP stock remained flat at $22.41 on Wednesday. 471,867 shares of the company were exchanged, compared to its average volume of 783,835. Capital Group Core Plus Income ETF has a fifty-two week low of $21.66 and a fifty-two week high of $23.39. The company has a 50 day simple moving average of $22.88 and a two-hundred day simple moving average of $22.61.

Capital Group Core Plus Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a $0.0828 dividend. The ex-dividend date was Friday, September 27th.

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.