Stewardship Concepts Financial Services LLC Takes $3.41 Million Position in Capital Group Core Plus Income ETF $CGCP

Stewardship Concepts Financial Services LLC acquired a new position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 150,667 shares of the company’s stock, valued at approximately $3,411,000. Capital Group Core Plus Income ETF accounts for approximately 2.9% of Stewardship Concepts Financial Services LLC’s investment portfolio, making the stock its 12th largest holding.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in Capital Group Core Plus Income ETF in the third quarter valued at $32,000. Central Pacific Bank Trust Division acquired a new stake in Capital Group Core Plus Income ETF in the 4th quarter valued at $35,000. US Bancorp DE bought a new stake in Capital Group Core Plus Income ETF during the 3rd quarter worth about $41,000. Marshall & Sterling Wealth Advisors Inc. lifted its position 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 worth $96,000 after buying an additional 1,937 shares in the last quarter. Finally, MAI Capital Management lifted its position in Capital Group Core Plus Income ETF by 148.3% during the 3rd quarter. MAI Capital Management now owns 5,033 shares of the company’s stock worth $114,000 after buying 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 $22.39 on Friday. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. The firm has a 50-day moving average of $22.62 and a 200-day moving average of $22.70. Capital Group Core Plus Income ETF has a one year low of $21.74 and a one year high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a dividend of $0.0845 per share. The ex-dividend date was Friday, February 27th. This is a boost 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%.

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.