Sovran Advisors LLC Makes New $3.45 Million Investment in Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

Sovran Advisors LLC purchased a new position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 156,866 shares of the company’s stock, valued at approximately $3,446,000. Sovran Advisors LLC owned 0.16% of Capital Group Core Plus Income ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CGCP. Blue Trust Inc. bought a new position in Capital Group Core Plus Income ETF in the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV boosted its stake in Capital Group Core Plus Income ETF by 49.8% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,774 shares of the company’s stock worth $41,000 after purchasing an additional 590 shares during the period. Transcendent Capital Group LLC bought a new position in Capital Group Core Plus Income ETF in the 3rd quarter worth approximately $53,000. Private Trust Co. NA boosted its stake in Capital Group Core Plus Income ETF by 151.8% in the 3rd quarter. Private Trust Co. NA now owns 9,064 shares of the company’s stock worth $210,000 after purchasing an additional 5,465 shares during the period. Finally, Seamount Financial Group Inc. bought a new position in shares of Capital Group Core Plus Income ETF during the 4th quarter valued at approximately $215,000.

Capital Group Core Plus Income ETF Stock Performance

NYSEARCA CGCP opened at $22.34 on Tuesday. Capital Group Core Plus Income ETF has a one year low of $21.82 and a one year high of $23.39. The stock has a 50 day moving average price of $22.31 and a 200-day moving average price of $22.63.

Capital Group Core Plus Income ETF Cuts Dividend

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