Bridgewealth Advisory Group LLC Increases Position in Capital Group Core Plus Income ETF $CGCP

Bridgewealth Advisory Group LLC boosted its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 29.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 488,651 shares of the company’s stock after purchasing an additional 111,012 shares during the period. Capital Group Core Plus Income ETF makes up 2.4% of Bridgewealth Advisory Group LLC’s portfolio, making the stock its 12th largest position. Bridgewealth Advisory Group LLC’s holdings in Capital Group Core Plus Income ETF were worth $11,063,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CGCP. Capital International Investors lifted its stake in Capital Group Core Plus Income ETF by 23.5% in the third quarter. Capital International Investors now owns 33,082,005 shares of the company’s stock worth $751,623,000 after purchasing an additional 6,290,122 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Capital Group Core Plus Income ETF by 18.7% in the third quarter. Envestnet Asset Management Inc. now owns 9,025,453 shares of the company’s stock worth $205,058,000 after purchasing an additional 1,423,949 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Capital Group Core Plus Income ETF in the third quarter worth $21,098,000. Aprio Wealth Management LLC bought a new stake in Capital Group Core Plus Income ETF in the fourth quarter worth $20,828,000. Finally, Raymond James Financial Inc. lifted its stake in Capital Group Core Plus Income ETF by 17.2% in the third quarter. Raymond James Financial Inc. now owns 5,396,909 shares of the company’s stock worth $122,618,000 after purchasing an additional 790,814 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Down 0.2%

Capital Group Core Plus Income ETF stock opened at $22.32 on Wednesday. The company has a market capitalization of $7.56 billion, a PE ratio of 10.69 and a beta of 0.33. The firm has a fifty day simple moving average of $22.46 and a two-hundred day simple moving average of $22.64. Capital Group Core Plus Income ETF has a twelve month low of $21.95 and a twelve month high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

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

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.