Capital Group Core Plus Income ETF $CGCP Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC boosted its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,386,398 shares of the company’s stock after purchasing an additional 127,021 shares during the period. Merit Financial Group LLC’s holdings in Capital Group Core Plus Income ETF were worth $54,028,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. lifted its stake in shares of Capital Group Core Plus Income ETF by 2.5% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 1,335,471 shares of the company’s stock worth $30,342,000 after buying an additional 33,117 shares during the period. Benjamin Edwards Inc. increased its position in shares of Capital Group Core Plus Income ETF by 20.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 385,664 shares of the company’s stock valued at $8,762,000 after acquiring an additional 65,065 shares during the period. Adamsbrown Wealth Consultants LLC raised its stake in Capital Group Core Plus Income ETF by 15.5% in the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 1,457,043 shares of the company’s stock worth $33,104,000 after acquiring an additional 195,549 shares during the last quarter. Bernardo Wealth Planning LLC raised its stake in Capital Group Core Plus Income ETF by 6.3% in the 3rd quarter. Bernardo Wealth Planning LLC now owns 1,125,315 shares of the company’s stock worth $25,567,000 after acquiring an additional 66,854 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its position in Capital Group Core Plus Income ETF by 35.7% during the 3rd quarter. Valmark Advisers Inc. now owns 533,240 shares of the company’s stock worth $12,115,000 after acquiring an additional 140,226 shares during the period.

Capital Group Core Plus Income ETF Stock Performance

Capital Group Core Plus Income ETF stock opened at $22.51 on Friday. The business’s 50-day simple moving average is $22.58 and its two-hundred day simple moving average is $22.68. The company has a market cap of $7.47 billion, a PE ratio of 10.69 and a beta of 0.35. Capital Group Core Plus Income ETF has a fifty-two week low of $21.95 and a fifty-two week high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The company 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. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change 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.

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.