4,209,477 Shares in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the fourth quarter, Holdings Channel reports. The fund purchased 4,209,477 shares of the company’s stock, valued at approximately $93,450,000.

A number of other large investors have also bought and sold shares of the stock. Cullen Frost Bankers Inc. increased its stake in Capital Group Core Plus Income ETF by 20.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 53,348 shares of the company’s stock worth $1,184,000 after purchasing an additional 9,093 shares during the period. Atria Investments Inc increased its stake in Capital Group Core Plus Income ETF by 3.8% in the 4th quarter. Atria Investments Inc now owns 42,732 shares of the company’s stock worth $949,000 after purchasing an additional 1,564 shares during the period. Souders Financial Advisors increased its stake 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. Synergy Investment Management LLC purchased a new position in shares of Capital Group Core Plus Income ETF during the fourth quarter valued at approximately $155,000. Finally, Meridian Wealth Management LLC increased its stake in shares of Capital Group Core Plus Income ETF by 43.9% during the fourth quarter. Meridian Wealth Management LLC now owns 49,309 shares of the company’s stock valued at $1,095,000 after buying an additional 15,053 shares during the period.

Capital Group Core Plus Income ETF Stock Performance

CGCP opened at $22.49 on Monday. Capital Group Core Plus Income ETF has a 52-week low of $21.82 and a 52-week high of $23.34. The stock has a market capitalization of $4.46 billion, a PE ratio of 16.73 and a beta of 0.38. The stock’s 50 day moving average price is $22.31 and its 200-day moving average price is $22.59.

Capital Group Core Plus Income ETF Cuts Dividend

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

Capital Group Core Plus Income ETF 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.