Adamsbrown Wealth Consultants LLC Has $33.10 Million Stake in Capital Group Core Plus Income ETF $CGCP

Adamsbrown Wealth Consultants LLC grew its position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 15.5% in the third quarter, HoldingsChannel reports. The firm owned 1,457,043 shares of the company’s stock after buying an additional 195,549 shares during the quarter. Capital Group Core Plus Income ETF accounts for approximately 9.1% of Adamsbrown Wealth Consultants LLC’s investment portfolio, making the stock its 2nd largest holding. Adamsbrown Wealth Consultants LLC’s holdings in Capital Group Core Plus Income ETF were worth $33,104,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. MAI Capital Management purchased a new position in Capital Group Core Plus Income ETF during the 2nd quarter valued at approximately $46,000. Olistico Wealth LLC increased its position in Capital Group Core Plus Income ETF by 20.5% in the second quarter. Olistico Wealth LLC now owns 6,440 shares of the company’s stock worth $145,000 after purchasing an additional 1,094 shares during the last quarter. Financial Perspectives Inc raised its stake in 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 valued at $186,000 after purchasing an additional 799 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in Capital Group Core Plus Income ETF by 9.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 8,451 shares of the company’s stock valued at $190,000 after purchasing an additional 723 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of Capital Group Core Plus Income ETF in the 2nd quarter worth $209,000.

Capital Group Core Plus Income ETF Stock Down 0.1%

Capital Group Core Plus Income ETF stock opened at $22.72 on Wednesday. The company’s 50-day moving average price is $22.71 and its 200-day moving average price is $22.69. The company has a market cap of $6.72 billion, a PE ratio of 10.69 and a beta of 0.36. Capital Group Core Plus Income ETF has a twelve month low of $21.74 and a twelve month high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were paid a $0.1183 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Wednesday, December 24th. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09.

About Capital Group Core Plus Income ETF

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.