Avantax Advisory Services Inc. Acquires 28,202 Shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

Avantax Advisory Services Inc. increased its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 14.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 217,069 shares of the company’s stock after buying an additional 28,202 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Capital Group Core Plus Income ETF were worth $4,819,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. LPL Financial LLC lifted its stake in Capital Group Core Plus Income ETF by 69.4% in the 3rd 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 in the last quarter. Johnson Bixby & Associates LLC raised 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 worth $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 4th quarter worth about $93,450,000. Souders Financial Advisors raised its position in Capital Group Core Plus Income ETF by 7.7% in the 4th quarter. Souders Financial Advisors now owns 2,496,188 shares of the company’s stock worth $55,415,000 after purchasing an additional 177,997 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Capital Group Core Plus Income ETF by 22.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,415,020 shares of the company’s stock worth $53,613,000 after purchasing an additional 444,281 shares during the period.

Capital Group Core Plus Income ETF Price Performance

Shares of CGCP stock opened at $22.43 on Friday. The company has a market capitalization of $4.45 billion, a P/E ratio of 16.73 and a beta of 0.38. The company’s 50-day simple moving average is $22.33 and its two-hundred day simple moving average is $22.58. Capital Group Core Plus Income ETF has a one year low of $21.82 and a one year high of $23.34.

Capital Group Core Plus Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders 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.