Ethos Capital Management Inc. Makes New $1.60 Million Investment in Capital Group Core Plus Income ETF $CGCP

Ethos Capital Management Inc. bought a new position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 70,816 shares of the company’s stock, valued at approximately $1,603,000. Capital Group Core Plus Income ETF comprises about 1.5% of Ethos Capital Management Inc.’s investment portfolio, making the stock its 21st largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of Capital Group Core Plus Income ETF in the third quarter valued at approximately $32,000. Central Pacific Bank Trust Division bought a new position in shares of Capital Group Core Plus Income ETF in the fourth quarter valued at approximately $35,000. US Bancorp DE bought a new position in shares of Capital Group Core Plus Income ETF in the third quarter valued at approximately $41,000. Marshall & Sterling Wealth Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 1,937 shares in the last quarter. Finally, MAI Capital Management boosted its holdings in shares of 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 acquiring an additional 3,006 shares in the last quarter.

Capital Group Core Plus Income ETF Price Performance

Capital Group Core Plus Income ETF stock opened at $22.41 on Wednesday. The firm has a 50 day simple moving average of $22.61 and a 200-day simple moving average of $22.70. The stock has a market capitalization of $7.33 billion, a PE ratio of 10.69 and a beta of 0.36. Capital Group Core Plus Income ETF has a 12-month low of $21.74 and a 12-month high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

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

Capital Group Core Plus Income ETF 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.