Capital Group Core Plus Income ETF $CGCP Stock Position Raised by Main Line Retirement Advisors LLC

Main Line Retirement Advisors LLC grew its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 841,468 shares of the company’s stock after buying an additional 41,745 shares during the quarter. Capital Group Core Plus Income ETF accounts for about 9.8% of Main Line Retirement Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Main Line Retirement Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $19,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. bought a new position in Capital Group Core Plus Income ETF during the second quarter worth $221,000. Aspire Growth Partners LLC bought a new stake in Capital Group Core Plus Income ETF during the second quarter valued at $353,000. Franklin Resources Inc. acquired a new stake in shares of Capital Group Core Plus Income ETF during the second quarter worth $1,083,000. Farther Finance Advisors LLC bought a new position in shares of Capital Group Core Plus Income ETF in the 2nd quarter worth about $450,000. Finally, DAVENPORT & Co LLC boosted its holdings in shares of Capital Group Core Plus Income ETF by 60.2% in the 3rd quarter. DAVENPORT & Co LLC now owns 172,643 shares of the company’s stock valued at $3,922,000 after buying an additional 64,902 shares during the period.

Capital Group Core Plus Income ETF Stock Up 0.1%

CGCP opened at $22.68 on Tuesday. The company’s 50-day moving average price is $22.74 and its 200 day moving average price is $22.65. Capital Group Core Plus Income ETF has a fifty-two week low of $21.74 and a fifty-two week high of $23.00. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.1183 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Wednesday, December 24th. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09.

Capital Group Core Plus Income ETF 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.