Lodestone Wealth Management LLC Has $6.98 Million Stake in Capital Group Core Plus Income ETF $CGCP

Lodestone Wealth Management LLC grew its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 27.9% during the fourth quarter, Holdings Channel reports. The firm owned 308,377 shares of the company’s stock after acquiring an additional 67,308 shares during the quarter. Capital Group Core Plus Income ETF comprises about 2.8% of Lodestone Wealth Management LLC’s holdings, making the stock its 2nd largest position. Lodestone Wealth Management LLC’s holdings in Capital Group Core Plus Income ETF were worth $6,982,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CGCP. Integrated Wealth Concepts LLC lifted its stake in Capital Group Core Plus Income ETF by 63.4% in the first quarter. Integrated Wealth Concepts LLC now owns 14,920 shares of the company’s stock valued at $335,000 after buying an additional 5,790 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Capital Group Core Plus Income ETF during the 1st quarter worth approximately $2,904,000. Focus Partners Wealth bought a new stake in shares of Capital Group Core Plus Income ETF in the 1st quarter valued at $313,000. JPMorgan Chase & Co. increased its stake in shares of Capital Group Core Plus Income ETF by 25.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 57,428 shares of the company’s stock valued at $1,292,000 after acquiring an additional 11,516 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Capital Group Core Plus Income ETF during the 2nd quarter valued at $1,083,000.

Capital Group Core Plus Income ETF Stock Up 0.4%

Shares of NYSEARCA CGCP opened at $22.34 on Wednesday. The firm has a market cap of $6.70 billion, a PE ratio of 10.69 and a beta of 0.36. The company’s fifty day simple moving average is $22.64 and its 200 day simple moving average is $22.72. 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 given a dividend of $0.0845 per share. 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. This represents a c) dividend on an annualized basis and a dividend 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.