Capital Group Core Plus Income ETF $CGCP Stock Sold by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC trimmed its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 23.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,634,618 shares of the company’s stock after selling 500,380 shares during the period. Capital Group Core Plus Income ETF makes up 2.5% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its 7th biggest position. Stonebridge Financial Group LLC’s holdings in Capital Group Core Plus Income ETF were worth $34,605,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. CX Institutional purchased a new position in shares of Capital Group Core Plus Income ETF in the 2nd quarter valued at about $35,000. Bessemer Group Inc. acquired a new position in shares of Capital Group Core Plus Income ETF during the first quarter worth about $45,000. Clearstead Advisors LLC purchased a new stake in shares of Capital Group Core Plus Income ETF during the fourth quarter worth approximately $58,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Capital Group Core Plus Income ETF during the fourth quarter worth approximately $84,000. Finally, Trust Co. of Vermont acquired a new stake in Capital Group Core Plus Income ETF in the second quarter valued at approximately $110,000.

Capital Group Core Plus Income ETF Stock Up 0.2%

Capital Group Core Plus Income ETF stock traded up $0.04 during trading on Thursday, reaching $21.21. The stock had a trading volume of 3,791,357 shares, compared to its average volume of 1,655,457. Capital Group Core Plus Income ETF has a 52-week low of $21.08 and a 52-week high of $23.00. The business has a 50 day moving average price of $21.86 and a 200 day moving average price of $22.17. The stock has a market cap of $8.33 billion, a PE ratio of 10.69 and a beta of 0.32.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a $0.0925 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Tuesday, September 29th. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0868.

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.