Adamsbrown Wealth Consultants LLC Has $9.70 Million Stock Position in Capital Group Core Plus Income ETF $CGCP

Adamsbrown Wealth Consultants LLC reduced its position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 70.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 428,572 shares of the company’s stock after selling 1,028,471 shares during the period. Capital Group Core Plus Income ETF comprises about 2.7% of Adamsbrown Wealth Consultants LLC’s investment portfolio, making the stock its 12th biggest position. Adamsbrown Wealth Consultants LLC owned 0.15% of Capital Group Core Plus Income ETF worth $9,703,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CGCP. Tyler Stone Wealth Management boosted its stake in Capital Group Core Plus Income ETF by 1.1% in the second quarter. Tyler Stone Wealth Management now owns 48,101 shares of the company’s stock worth $1,082,000 after purchasing an additional 540 shares in the last quarter. Asset Allocation Strategies LLC increased its stake in shares of Capital Group Core Plus Income ETF by 1.4% in the third quarter. Asset Allocation Strategies LLC now owns 38,089 shares of the company’s stock valued at $865,000 after buying an additional 541 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of Capital Group Core Plus Income ETF by 1.0% in the third quarter. Premier Path Wealth Partners LLC now owns 53,614 shares of the company’s stock valued at $1,218,000 after buying an additional 554 shares during the last quarter. Silverlake Wealth Management LLC raised its holdings in shares of Capital Group Core Plus Income ETF by 0.8% in the second quarter. Silverlake Wealth Management LLC now owns 73,230 shares of the company’s stock valued at $1,648,000 after buying an additional 602 shares during the last quarter. Finally, Cim LLC lifted its position in Capital Group Core Plus Income ETF by 6.8% during the 3rd quarter. Cim LLC now owns 9,953 shares of the company’s stock worth $226,000 after buying an additional 633 shares in the last quarter.

Capital Group Core Plus Income ETF Stock Down 0.7%

Shares of NYSEARCA:CGCP opened at $22.24 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 company’s 50-day moving average price is $22.66 and its two-hundred day moving average price is $22.73. The firm has a market cap of $6.67 billion, a P/E ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a $0.0845 dividend. This is an increase 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. This represents a c) annualized dividend and a dividend yield of 4.6%.

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.