Confluence Wealth Services Inc. Grows Stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP)

Confluence Wealth Services Inc. lifted its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 18.7% in the 4th quarter, HoldingsChannel reports. The firm owned 1,047,371 shares of the company’s stock after buying an additional 165,134 shares during the quarter. Capital Group Core Plus Income ETF accounts for 1.5% of Confluence Wealth Services Inc.’s portfolio, making the stock its 16th biggest position. Confluence Wealth Services Inc.’s holdings in Capital Group Core Plus Income ETF were worth $23,283,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CGCP. LPL Financial LLC increased its position in Capital Group Core Plus Income ETF by 69.4% in the third quarter. LPL Financial LLC now owns 5,490,411 shares of the company’s stock worth $126,938,000 after buying an additional 2,249,990 shares during the last quarter. Raymond James & Associates increased its holdings in Capital Group Core Plus Income ETF by 63.9% in the 3rd quarter. Raymond James & Associates now owns 2,479,858 shares of the company’s stock worth $57,334,000 after acquiring an additional 967,129 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Capital Group Core Plus Income ETF by 38.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,620,974 shares of the company’s stock valued at $60,597,000 after acquiring an additional 731,316 shares during the period. Captrust Financial Advisors lifted its holdings in Capital Group Core Plus Income ETF by 711.0% during the third quarter. Captrust Financial Advisors now owns 830,262 shares of the company’s stock valued at $19,196,000 after purchasing an additional 727,884 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in Capital Group Core Plus Income ETF by 46.4% during the third quarter. Harbour Investments Inc. now owns 1,725,798 shares of the company’s stock worth $39,900,000 after purchasing an additional 546,823 shares during the period.

Capital Group Core Plus Income ETF Price Performance

NYSEARCA CGCP opened at $22.31 on Wednesday. The company’s 50 day moving average is $22.33 and its 200-day moving average is $22.64. Capital Group Core Plus Income ETF has a 12-month low of $21.82 and a 12-month high of $23.39.

Capital Group Core Plus Income ETF Cuts Dividend

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