Capital Group Core Plus Income ETF $CGCP Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. increased its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 34.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,449 shares of the company’s stock after acquiring an additional 30,259 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Capital Group Core Plus Income ETF were worth $2,668,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MAI Capital Management acquired a new stake in shares of Capital Group Core Plus Income ETF during the 2nd quarter worth approximately $46,000. Olistico Wealth LLC boosted its position 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 purchasing an additional 1,094 shares during the period. Financial Perspectives Inc grew its stake in Capital Group Core Plus Income ETF by 10.7% during the 2nd quarter. Financial Perspectives Inc now owns 8,255 shares of the company’s stock worth $186,000 after buying an additional 799 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Capital Group Core Plus Income ETF by 9.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 8,451 shares of the company’s stock worth $190,000 after buying an additional 723 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in Capital Group Core Plus Income ETF in the second quarter worth $209,000.

Capital Group Core Plus Income ETF Stock Performance

CGCP stock opened at $22.74 on Tuesday. Capital Group Core Plus Income ETF has a 1 year low of $21.74 and a 1 year high of $23.00. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. The stock’s fifty day moving average is $22.70 and its two-hundred day moving average is $22.69.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a $0.1183 dividend. The ex-dividend date was Wednesday, December 24th. This represents a c) annualized dividend and a yield of 6.2%. This is a boost 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.