Confluence Wealth Services Inc. Has $33.07 Million Stake in Capital Group Core Plus Income ETF $CGCP

Confluence Wealth Services Inc. raised its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,460,686 shares of the company’s stock after buying an additional 98,315 shares during the quarter. Capital Group Core Plus Income ETF accounts for about 1.4% of Confluence Wealth Services Inc.’s portfolio, making the stock its 17th largest position. Confluence Wealth Services Inc. owned approximately 0.49% of Capital Group Core Plus Income ETF worth $33,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in Capital Group Core Plus Income ETF in the third quarter valued at about $32,000. Central Pacific Bank Trust Division acquired a new position in Capital Group Core Plus Income ETF in the fourth quarter valued at about $35,000. US Bancorp DE acquired a new position in Capital Group Core Plus Income ETF in the third quarter valued at about $41,000. Marshall & Sterling Wealth Advisors Inc. lifted its stake in Capital Group Core Plus Income ETF by 85.2% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,211 shares of the company’s stock valued at $96,000 after buying an additional 1,937 shares during the period. Finally, MAI Capital Management lifted its stake in Capital Group Core Plus Income ETF by 148.3% in the third quarter. MAI Capital Management now owns 5,033 shares of the company’s stock valued at $114,000 after buying an additional 3,006 shares during the period.

Capital Group Core Plus Income ETF Trading Up 0.1%

NYSEARCA:CGCP opened at $22.54 on Thursday. Capital Group Core Plus Income ETF has a 1-year low of $21.95 and a 1-year high of $23.00. The business’s 50-day moving average price is $22.57 and its two-hundred day moving average price is $22.68. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 10.69 and a beta of 0.35.

Capital Group Core Plus Income ETF Increases Dividend

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

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.