Confluence Wealth Services Inc. Purchases 125,789 Shares of Capital Group Core Plus Income ETF $CGCP

Confluence Wealth Services Inc. boosted its position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,362,371 shares of the company’s stock after purchasing an additional 125,789 shares during the period. Capital Group Core Plus Income ETF comprises 1.5% of Confluence Wealth Services Inc.’s holdings, making the stock its 16th biggest holding. Confluence Wealth Services Inc. owned approximately 0.53% of Capital Group Core Plus Income ETF worth $30,953,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGCP. MAI Capital Management purchased a new position in shares of Capital Group Core Plus Income ETF during the second quarter valued at approximately $46,000. Olistico Wealth LLC boosted its holdings in Capital Group Core Plus Income ETF by 20.5% during the 2nd quarter. Olistico Wealth LLC now owns 6,440 shares of the company’s stock valued at $145,000 after acquiring an additional 1,094 shares during the period. Financial Perspectives Inc grew its position in Capital Group Core Plus Income ETF by 10.7% in the 2nd quarter. Financial Perspectives Inc now owns 8,255 shares of the company’s stock valued at $186,000 after acquiring an additional 799 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake 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 period. Finally, Ameriprise Financial Inc. bought a new stake in shares of Capital Group Core Plus Income ETF during the second quarter worth $209,000.

Capital Group Core Plus Income ETF Price Performance

CGCP stock opened at $22.70 on Friday. Capital Group Core Plus Income ETF has a 12 month low of $21.74 and a 12 month high of $23.00. The firm’s 50-day moving average is $22.70 and its 200 day moving average is $22.68. The company has a market capitalization of $6.58 billion, a PE ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.1183 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date was Wednesday, December 24th. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09.

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. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.