Orion Portfolio Solutions LLC Takes $375,000 Position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

Orion Portfolio Solutions LLC acquired a new position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,870 shares of the company’s stock, valued at approximately $375,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in shares of Capital Group Core Plus Income ETF by 55.2% during the fourth quarter. LPL Financial LLC now owns 8,521,216 shares of the company’s stock valued at $189,171,000 after acquiring an additional 3,030,805 shares during the last quarter. Johnson Bixby & Associates LLC raised its position in Capital Group Core Plus Income ETF by 8.3% in the fourth quarter. Johnson Bixby & Associates LLC now owns 4,402,179 shares of the company’s stock valued at $97,728,000 after purchasing an additional 337,128 shares during the period. Raymond James Financial Inc. purchased a new stake in Capital Group Core Plus Income ETF in the fourth quarter valued at approximately $93,450,000. Commonwealth Equity Services LLC lifted its stake in Capital Group Core Plus Income ETF by 12.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,946,315 shares of the company’s stock worth $65,408,000 after purchasing an additional 325,341 shares in the last quarter. Finally, Souders Financial Advisors boosted its position in shares of Capital Group Core Plus Income ETF by 7.7% during the fourth quarter. Souders Financial Advisors now owns 2,496,188 shares of the company’s stock worth $55,415,000 after buying an additional 177,997 shares during the period.

Capital Group Core Plus Income ETF Price Performance

NYSEARCA CGCP opened at $22.03 on Wednesday. The company has a market cap of $4.62 billion, a P/E ratio of 10.94 and a beta of 0.37. The stock has a 50-day moving average of $22.42 and a two-hundred day moving average of $22.48. Capital Group Core Plus Income ETF has a 1-year low of $21.82 and a 1-year high of $23.34.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were given a $0.0921 dividend. The ex-dividend date was Friday, March 28th. This is a positive change from Capital Group Core Plus Income ETF’s previous 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.