Capital Group Core Plus Income ETF $CGCP Shares Acquired by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC grew its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 5.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,981,698 shares of the company’s stock after acquiring an additional 94,501 shares during the quarter. Capital Group Core Plus Income ETF comprises 3.8% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its 3rd biggest holding. Stonebridge Financial Group LLC’s holdings in Capital Group Core Plus Income ETF were worth $44,866,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CGCP. Fifth Third Bancorp purchased a new stake in Capital Group Core Plus Income ETF during the third quarter worth approximately $32,000. Central Pacific Bank Trust Division purchased a new position in Capital Group Core Plus Income ETF in the fourth quarter valued at approximately $35,000. US Bancorp DE acquired a new stake in Capital Group Core Plus Income ETF during the third quarter worth approximately $41,000. Marshall & Sterling Wealth Advisors Inc. raised its holdings in Capital Group Core Plus Income ETF by 85.2% during the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,211 shares of the company’s stock worth $96,000 after purchasing an additional 1,937 shares in the last quarter. Finally, MAI Capital Management lifted its position in shares of Capital Group Core Plus Income ETF by 148.3% during the 3rd quarter. MAI Capital Management now owns 5,033 shares of the company’s stock worth $114,000 after buying an additional 3,006 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of Capital Group Core Plus Income ETF stock opened at $22.39 on Monday. The company has a fifty day simple moving average of $22.62 and a 200-day simple moving average of $22.70. Capital Group Core Plus Income ETF has a 12-month low of $21.74 and a 12-month high of $23.00. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a $0.0845 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 27th.

Capital Group Core Plus Income ETF Company 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.