Stonebridge Financial Group LLC Buys 94,501 Shares of Capital Group Core Plus Income ETF $CGCP

Stonebridge Financial Group LLC grew its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,981,698 shares of the company’s stock after buying an additional 94,501 shares during the quarter. Capital Group Core Plus Income ETF accounts for approximately 3.8% of Stonebridge Financial Group LLC’s portfolio, making the stock its 3rd biggest position. Stonebridge Financial Group LLC owned approximately 0.68% of Capital Group Core Plus Income ETF worth $44,866,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. NavPoint Financial Inc. raised its holdings in Capital Group Core Plus Income ETF by 7.4% in the fourth quarter. NavPoint Financial Inc. now owns 659,944 shares of the company’s stock valued at $14,941,000 after acquiring an additional 45,497 shares in the last quarter. Stewardship Concepts Financial Services LLC purchased a new position in Capital Group Core Plus Income ETF in the fourth quarter worth approximately $3,411,000. Sovran Advisors LLC grew its holdings in Capital Group Core Plus Income ETF by 5.6% during the 4th quarter. Sovran Advisors LLC now owns 595,453 shares of the company’s stock worth $13,535,000 after acquiring an additional 31,461 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Capital Group Core Plus Income ETF by 46.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 136,414 shares of the company’s stock valued at $3,088,000 after purchasing an additional 43,152 shares during the last quarter. Finally, Wealthcare Capital Management LLC increased its position in shares of Capital Group Core Plus Income ETF by 6.2% in the 4th quarter. Wealthcare Capital Management LLC now owns 45,638 shares of the company’s stock valued at $1,033,000 after purchasing an additional 2,648 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP opened at $22.39 on Monday. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. The firm’s fifty day simple moving average is $22.62 and its 200-day simple moving average is $22.70. Capital Group Core Plus Income ETF has a twelve month low of $21.74 and a twelve month high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a $0.0845 dividend. This represents a c) annualized dividend 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.