PFG Advisors Raises Holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

PFG Advisors grew its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 28.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,483 shares of the company’s stock after buying an additional 7,605 shares during the quarter. PFG Advisors’ holdings in Capital Group Core Plus Income ETF were worth $766,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CGCP. Inspire Advisors LLC raised its position in shares of Capital Group Core Plus Income ETF by 3.2% in the 4th quarter. Inspire Advisors LLC now owns 145,989 shares of the company’s stock worth $3,241,000 after acquiring an additional 4,575 shares in the last quarter. Independent Advisor Alliance acquired a new position in Capital Group Core Plus Income ETF during the 4th quarter valued at about $14,921,000. Beam Wealth Advisors Inc. acquired a new position in Capital Group Core Plus Income ETF during the 4th quarter valued at about $256,000. Ashton Thomas Private Wealth LLC increased its holdings in shares of Capital Group Core Plus Income ETF by 10.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 223,148 shares of the company’s stock valued at $4,954,000 after purchasing an additional 20,578 shares during the period. Finally, Midwest Heritage Bank FSB increased its holdings in shares of Capital Group Core Plus Income ETF by 8.3% in the fourth quarter. Midwest Heritage Bank FSB now owns 813,127 shares of the company’s stock valued at $18,051,000 after purchasing an additional 62,050 shares during the period.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP stock opened at $22.43 on Friday. Capital Group Core Plus Income ETF has a fifty-two week low of $21.82 and a fifty-two week high of $23.34. The firm has a market capitalization of $4.45 billion, a PE ratio of 16.73 and a beta of 0.38. The stock’s 50-day simple moving average is $22.33 and its 200-day simple moving average is $22.58.

Capital Group Core Plus Income ETF Cuts Dividend

The business also recently announced 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.