Northwestern Mutual Wealth Management Co. Boosts Stock Position in Capital Group Core Plus Income ETF $CGCP

by · The Cerbat Gem

Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Free Report) by 8.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,979,795 shares of the company’s stock after buying an additional 374,219 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Core Plus Income ETF were worth $112,045,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Arkadios Wealth Advisors raised its stake in shares of Capital Group Core Plus Income ETF by 2.6% during the 1st quarter. Arkadios Wealth Advisors now owns 22,444 shares of the company’s stock worth $504,000 after acquiring an additional 579 shares in the last quarter. Breakwater Capital Group boosted its stake in Capital Group Core Plus Income ETF by 5.0% in the second quarter. Breakwater Capital Group now owns 13,299 shares of the company’s stock valued at $299,000 after acquiring an additional 638 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Capital Group Core Plus Income ETF by 9.4% in the second quarter. Creative Financial Designs Inc. ADV now owns 8,451 shares of the company’s stock worth $190,000 after purchasing an additional 723 shares during the last quarter. Financial Perspectives Inc increased its position in shares of Capital Group Core Plus Income ETF by 10.7% during the second quarter. Financial Perspectives Inc now owns 8,255 shares of the company’s stock worth $186,000 after purchasing an additional 799 shares in the last quarter. Finally, Smith Thornton Advisors LLC lifted its holdings in shares of Capital Group Core Plus Income ETF by 0.4% during the 2nd quarter. Smith Thornton Advisors LLC now owns 220,283 shares of the company’s stock valued at $4,956,000 after purchasing an additional 868 shares during the last quarter.

Capital Group Core Plus Income ETF Price Performance

Capital Group Core Plus Income ETF stock opened at $22.75 on Friday. Capital Group Core Plus Income ETF has a 1-year low of $21.74 and a 1-year high of $23.00. The business has a fifty day moving average price of $22.79 and a 200-day moving average price of $22.57. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 28th will be issued a $0.0855 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, November 28th.

Capital Group Core Plus Income ETF Company Profile

(Free Report)

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.

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