Convergence Financial LLC Raises Stock Holdings in Capital Group Core Plus Income ETF $CGCP

Convergence Financial LLC increased its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 6.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 516,158 shares of the company’s stock after acquiring an additional 31,772 shares during the period. Capital Group Core Plus Income ETF comprises 1.8% of Convergence Financial LLC’s portfolio, making the stock its 17th biggest position. Convergence Financial LLC owned about 0.20% of Capital Group Core Plus Income ETF worth $11,727,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp bought a new stake in shares of Capital Group Core Plus Income ETF during the third quarter worth $32,000. MAI Capital Management purchased a new position in Capital Group Core Plus Income ETF in the 2nd quarter worth about $46,000. Marshall & Sterling Wealth Advisors Inc. lifted its holdings in Capital Group Core Plus Income ETF by 85.2% during the 3rd 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 in the last quarter. Creative Financial Designs Inc. ADV boosted its position in Capital Group Core Plus Income ETF by 9.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 8,451 shares of the company’s stock valued at $190,000 after buying an additional 723 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in Capital Group Core Plus Income ETF in the 3rd quarter worth about $202,000.

Capital Group Core Plus Income ETF Stock Performance

Shares of NYSEARCA:CGCP opened at $22.86 on Friday. The firm’s 50 day simple moving average is $22.72 and its 200-day simple moving average is $22.73. Capital Group Core Plus Income ETF has a one year low of $21.74 and a one year high of $23.00. The firm has a market cap of $6.85 billion, a PE ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were issued a dividend of $0.0767 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, January 30th.

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.