The Capital Group Core Plus Income ETF (NYSEARCA: CGCP) has announced a monthly dividend of $0.09 per share, effective from December 1, 2023. This announcement was made on November 26, 2023, and applies to stockholders of record as of November 28, 2023. The declared dividend indicates an annualized dividend yield of 4.5%.
Dividend Details and Stock Performance
The ex-dividend date for this payment is also set for November 28, 2023. Shares of CGCP commenced trading at $22.87 on Thursday. Over the past year, the ETF has experienced fluctuations, reaching a low of $21.74 and a high of $23.00. The current fifty-day moving average stands at $22.80, while the two-hundred-day moving average is $22.56. The ETF holds a market capitalization of approximately $5.99 billion and has a price-to-earnings ratio of 10.69.
Institutional Investor Activity
Recent trading activity indicates significant interest from institutional investors. Assetmark Inc. acquired a new position in CGCP during the second quarter, investing around $221,000. Similarly, Farther Finance Advisors LLC purchased a stake valued at approximately $450,000 within the same period.
ORG Partners LLC notably increased its holdings by 491.7%, now owning 13,118 shares valued at $295,000 after acquiring an additional 10,901 shares. Another firm, Johnson Bixby & Associates LLC, boosted its position by 1.7%, bringing its total to 5,631,675 shares worth $126,713,000.
In the first quarter, Jane Street Group LLC expanded its stake by 87.7%, now holding 521,993 shares valued at $11,719,000 following the purchase of an additional 243,963 shares.
The Capital Group Core Plus Income ETF primarily focuses on broad credit fixed-income investments. It actively engages in acquiring bonds and other debt securities from corporate and governmental entities worldwide, without restrictions on credit ratings or maturities.
For those interested in receiving updates on the Capital Group Core Plus Income ETF and related financial news, MarketBeat.com offers a free daily email newsletter summarizing the latest developments and analysts’ ratings.
