LPL Financial LLC Boosts Holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

LPL Financial LLC grew its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 55.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,521,216 shares of the company’s stock after buying an additional 3,030,805 shares during the period. LPL Financial LLC owned 0.09% of Capital Group Core Plus Income ETF worth $189,171,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CGCP. Raymond James Financial Inc. purchased a new position in shares of Capital Group Core Plus Income ETF in the fourth quarter worth $93,450,000. Stonebridge Financial Group LLC purchased a new position in shares of Capital Group Core Plus Income ETF in the fourth quarter worth $23,362,000. Captrust Financial Advisors raised its holdings in shares of Capital Group Core Plus Income ETF by 711.0% in the third quarter. Captrust Financial Advisors now owns 830,262 shares of the company’s stock worth $19,196,000 after buying an additional 727,884 shares during the last quarter. Independent Advisor Alliance purchased a new position in shares of Capital Group Core Plus Income ETF in the fourth quarter worth $14,921,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Capital Group Core Plus Income ETF by 22.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,415,020 shares of the company’s stock worth $53,613,000 after buying an additional 444,281 shares during the last quarter.

Capital Group Core Plus Income ETF Trading Down 0.1 %

NYSEARCA CGCP opened at $22.54 on Monday. The company has a fifty day simple moving average of $22.38 and a two-hundred day simple moving average of $22.56. The stock has a market cap of $4.58 billion, a P/E ratio of 10.91 and a beta of 0.38. Capital Group Core Plus Income ETF has a 12-month low of $21.82 and a 12-month high of $23.34.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were paid a $0.0801 dividend. The ex-dividend date was Friday, January 31st.

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.