Mann Financial Group Inc. Invests $908,000 in Capital Group Core Plus Income ETF $CGCP

Mann Financial Group Inc. acquired a new stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 39,975 shares of the company’s stock, valued at approximately $908,000. Capital Group Core Plus Income ETF comprises 0.9% of Mann Financial Group Inc.’s investment portfolio, making the stock its 14th largest position.

A number of other large investors have also bought and sold shares of CGCP. Fifth Third Bancorp bought a new position in shares of Capital Group Core Plus Income ETF during the 3rd quarter worth $32,000. US Bancorp DE purchased a new stake in Capital Group Core Plus Income ETF during the third quarter valued at about $41,000. MAI Capital Management bought a new position in Capital Group Core Plus Income ETF during the second quarter worth about $46,000. Marshall & Sterling Wealth Advisors Inc. increased its stake in shares of Capital Group Core Plus Income ETF by 85.2% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,211 shares of the company’s stock worth $96,000 after purchasing an additional 1,937 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Capital Group Core Plus Income ETF in the third quarter worth about $202,000.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP stock opened at $22.72 on Thursday. The stock has a market capitalization of $6.81 billion, a P/E ratio of 10.69 and a beta of 0.36. The firm’s 50 day moving average is $22.73 and its 200 day moving average is $22.75. Capital Group Core Plus Income ETF has a 12 month low of $21.74 and a 12 month high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

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

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.