Capital Group Core Plus Income ETF $CGCP Shares Purchased by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. raised its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 2.5% during the third quarter, HoldingsChannel reports. The firm owned 1,335,471 shares of the company’s stock after purchasing an additional 33,117 shares during the period. Capital Group Core Plus Income ETF comprises 4.2% of McGlone Suttner Wealth Management Inc.’s holdings, making the stock its 7th biggest position. McGlone Suttner Wealth Management Inc.’s holdings in Capital Group Core Plus Income ETF were worth $30,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGCP. Tyler Stone Wealth Management grew its holdings in shares of Capital Group Core Plus Income ETF by 1.1% during the second quarter. Tyler Stone Wealth Management now owns 48,101 shares of the company’s stock worth $1,082,000 after buying an additional 540 shares in the last quarter. Asset Allocation Strategies LLC boosted its position in Capital Group Core Plus Income ETF by 1.4% during the third quarter. Asset Allocation Strategies LLC now owns 38,089 shares of the company’s stock worth $865,000 after acquiring an additional 541 shares during the last quarter. Silverlake Wealth Management LLC boosted its position in Capital Group Core Plus Income ETF by 0.8% during the second quarter. Silverlake Wealth Management LLC now owns 73,230 shares of the company’s stock worth $1,648,000 after acquiring an additional 602 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in Capital Group Core Plus Income ETF by 0.6% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 102,545 shares of the company’s stock valued at $2,330,000 after acquiring an additional 637 shares in the last quarter. Finally, Breakwater Capital Group raised its holdings in Capital Group Core Plus Income ETF by 5.0% in the 2nd quarter. Breakwater Capital Group now owns 13,299 shares of the company’s stock valued at $299,000 after acquiring an additional 638 shares during the last quarter.

Capital Group Core Plus Income ETF Price Performance

CGCP opened at $22.68 on Tuesday. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. The company’s 50 day simple moving average is $22.74 and its two-hundred day simple moving average is $22.65. Capital Group Core Plus Income ETF has a 1-year low of $21.74 and a 1-year high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.1183 per share. 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. This represents a c) dividend on an annualized basis and a yield of 6.3%.

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.