Independent Advisor Alliance Invests $14.92 Million in Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

Independent Advisor Alliance acquired a new position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 672,135 shares of the company’s stock, valued at approximately $14,921,000.

Several other hedge funds also recently made changes to their positions in the company. Beam Wealth Advisors Inc. bought a new stake in Capital Group Core Plus Income ETF in the fourth quarter worth $256,000. Ashton Thomas Private Wealth LLC grew its holdings in Capital Group Core Plus Income ETF by 10.2% during 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. Midwest Heritage Bank FSB grew its holdings in Capital Group Core Plus Income ETF by 8.3% during 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. Raymond James Financial Inc. bought a new stake in Capital Group Core Plus Income ETF during the fourth quarter valued at about $93,450,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Capital Group Core Plus Income ETF by 20.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 53,348 shares of the company’s stock worth $1,184,000 after acquiring an additional 9,093 shares during the period.

Capital Group Core Plus Income ETF Trading Down 0.2 %

Shares of Capital Group Core Plus Income ETF stock opened at $22.49 on Monday. The stock has a 50 day moving average of $22.31 and a 200 day moving average of $22.59. Capital Group Core Plus Income ETF has a 12 month low of $21.82 and a 12 month high of $23.34. The firm has a market cap of $4.46 billion, a PE ratio of 16.73 and a beta of 0.38.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were issued a $0.0801 dividend. 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.