Convergence Financial LLC Has $10.77 Million Holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

Convergence Financial LLC lifted its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 484,942 shares of the company’s stock after buying an additional 50,537 shares during the period. Capital Group Core Plus Income ETF accounts for about 2.1% of Convergence Financial LLC’s investment portfolio, making the stock its 15th biggest holding. Convergence Financial LLC’s holdings in Capital Group Core Plus Income ETF were worth $10,766,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. LPL Financial LLC grew its holdings in Capital Group Core Plus Income ETF by 69.4% in the third quarter. LPL Financial LLC now owns 5,490,411 shares of the company’s stock worth $126,938,000 after purchasing an additional 2,249,990 shares during the period. Johnson Bixby & Associates LLC increased its position in Capital Group Core Plus Income ETF by 8.3% in the 4th quarter. Johnson Bixby & Associates LLC now owns 4,402,179 shares of the company’s stock valued at $97,728,000 after buying an additional 337,128 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Capital Group Core Plus Income ETF by 22.5% during the 4th 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 period. Souders Financial Advisors boosted its holdings in Capital Group Core Plus Income ETF by 7.6% in the third quarter. Souders Financial Advisors now owns 2,318,191 shares of the company’s stock worth $53,597,000 after acquiring an additional 163,735 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in Capital Group Core Plus Income ETF by 10.8% in the third quarter. MML Investors Services LLC now owns 2,034,038 shares of the company’s stock valued at $47,027,000 after acquiring an additional 198,970 shares during the period.

Capital Group Core Plus Income ETF Stock Performance

NYSEARCA CGCP opened at $22.64 on Thursday. Capital Group Core Plus Income ETF has a 52 week low of $21.82 and a 52 week high of $23.34. The business has a 50 day moving average price of $22.26 and a 200-day moving average price of $22.61.

Capital Group Core Plus Income ETF Cuts Dividend

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

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.