Stonebridge Financial Group LLC Boosts Position in Capital Group Core Plus Income ETF $CGCP

Stonebridge Financial Group LLC lifted its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 15.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,887,197 shares of the company’s stock after buying an additional 250,002 shares during the quarter. Capital Group Core Plus Income ETF comprises approximately 3.8% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its 3rd largest holding. Stonebridge Financial Group LLC’s holdings in Capital Group Core Plus Income ETF were worth $42,877,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CGCP. Merit Financial Group LLC grew its holdings in Capital Group Core Plus Income ETF by 1,078.9% in the third quarter. Merit Financial Group LLC now owns 2,259,377 shares of the company’s stock worth $51,333,000 after purchasing an additional 2,067,719 shares during the period. Freedom Financial Partners LLC raised its holdings in shares of Capital Group Core Plus Income ETF by 3.5% during the third quarter. Freedom Financial Partners LLC now owns 382,934 shares of the company’s stock valued at $8,700,000 after purchasing an additional 13,007 shares during the period. Swisher Financial Concepts Inc. boosted its position in shares of Capital Group Core Plus Income ETF by 6.2% during the 3rd quarter. Swisher Financial Concepts Inc. now owns 275,050 shares of the company’s stock worth $6,249,000 after purchasing an additional 16,171 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its stake in shares of Capital Group Core Plus Income ETF by 2.5% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 1,335,471 shares of the company’s stock valued at $30,342,000 after buying an additional 33,117 shares during the period. Finally, Main Line Retirement Advisors LLC grew its stake in Capital Group Core Plus Income ETF by 5.2% in the third quarter. Main Line Retirement Advisors LLC now owns 841,468 shares of the company’s stock valued at $19,118,000 after acquiring an additional 41,745 shares during the period.

Capital Group Core Plus Income ETF Stock Up 0.0%

NYSEARCA CGCP opened at $22.69 on Wednesday. Capital Group Core Plus Income ETF has a 52 week low of $21.74 and a 52 week high of $23.00. The business has a 50 day moving average price of $22.74 and a 200-day moving average price of $22.65. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.1183 per share. The ex-dividend date was Wednesday, December 24th. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 6.3%.

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.