64,038 Shares in Capital Group Core Plus Income ETF $CGCP Bought by TrueWealth Financial Partners

TrueWealth Financial Partners acquired a new position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 64,038 shares of the company’s stock, valued at approximately $1,450,000. Capital Group Core Plus Income ETF accounts for about 1.2% of TrueWealth Financial Partners’ portfolio, making the stock its 28th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC raised its holdings in Capital Group Core Plus Income ETF by 15.5% during the third quarter. Adamsbrown Wealth Consultants LLC now owns 1,457,043 shares of the company’s stock worth $33,104,000 after purchasing an additional 195,549 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in Capital Group Core Plus Income ETF during the fourth quarter worth $667,000. Citigroup Inc. acquired a new position in Capital Group Core Plus Income ETF during the third quarter worth $2,183,000. Affiance Financial LLC raised its holdings in Capital Group Core Plus Income ETF by 27.6% during the fourth quarter. Affiance Financial LLC now owns 245,357 shares of the company’s stock worth $5,555,000 after purchasing an additional 53,114 shares during the last quarter. Finally, Stonebridge Financial Group LLC raised its holdings in Capital Group Core Plus Income ETF by 5.0% during the fourth quarter. Stonebridge Financial Group LLC now owns 1,981,698 shares of the company’s stock worth $44,866,000 after purchasing an additional 94,501 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP stock opened at $22.33 on Thursday. The stock has a fifty day moving average price of $22.46 and a 200 day moving average price of $22.64. The stock has a market cap of $7.56 billion, a PE ratio of 10.69 and a beta of 0.33. Capital Group Core Plus Income ETF has a 1 year low of $21.95 and a 1 year 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 issued a $0.0845 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. 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.