Capital Group Core Plus Income ETF $CGCP is Midwest Heritage Bank FSB’s 4th Largest Position

Midwest Heritage Bank FSB lifted its position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,084,574 shares of the company’s stock after purchasing an additional 55,484 shares during the period. Capital Group Core Plus Income ETF comprises approximately 8.5% of Midwest Heritage Bank FSB’s portfolio, making the stock its 4th largest position. Midwest Heritage Bank FSB owned approximately 0.36% of Capital Group Core Plus Income ETF worth $24,555,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CGCP. Fifth Third Bancorp acquired a new stake in Capital Group Core Plus Income ETF during the 3rd quarter worth $32,000. Central Pacific Bank Trust Division acquired a new stake in Capital Group Core Plus Income ETF during the 4th quarter worth $35,000. US Bancorp DE acquired a new stake in Capital Group Core Plus Income ETF during the 3rd quarter worth $41,000. Marshall & Sterling Wealth Advisors Inc. raised its stake 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 acquiring an additional 1,937 shares in the last quarter. Finally, MAI Capital Management raised its stake 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 acquiring an additional 3,006 shares in the last quarter.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA:CGCP opened at $22.32 on Wednesday. The company’s fifty day moving average price is $22.46 and its 200 day moving average price is $22.64. Capital Group Core Plus Income ETF has a 12 month low of $21.95 and a 12 month high of $23.00. The firm has a market capitalization of $7.56 billion, a P/E ratio of 10.69 and a beta of 0.33.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a dividend of $0.0845 per share. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 4.5%. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08.

About Capital Group Core Plus Income ETF

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.