Midwest Heritage Bank FSB Buys 55,484 Shares of Capital Group Core Plus Income ETF $CGCP

Midwest Heritage Bank FSB increased its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,084,574 shares of the company’s stock after acquiring an additional 55,484 shares during the quarter. Capital Group Core Plus Income ETF comprises approximately 8.5% of Midwest Heritage Bank FSB’s portfolio, making the stock its 4th largest holding. Midwest Heritage Bank FSB’s holdings in Capital Group Core Plus Income ETF were worth $24,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in Capital Group Core Plus Income ETF in the third quarter valued at $32,000. Central Pacific Bank Trust Division acquired a new position in Capital Group Core Plus Income ETF in the fourth quarter valued at $35,000. US Bancorp DE acquired a new position in Capital Group Core Plus Income ETF in the third quarter valued at $41,000. Marshall & Sterling Wealth Advisors Inc. increased its stake in 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 valued at $96,000 after purchasing an additional 1,937 shares during the period. Finally, MAI Capital Management increased its stake in Capital Group Core Plus Income ETF by 148.3% in the third quarter. MAI Capital Management now owns 5,033 shares of the company’s stock valued at $114,000 after purchasing an additional 3,006 shares during the period.

Capital Group Core Plus Income ETF Stock Performance

NYSEARCA CGCP opened at $22.32 on Wednesday. The firm 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 one year low of $21.95 and a one year high of $23.00. The firm’s fifty day moving average is $22.46 and its two-hundred day moving average is $22.64.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently disclosed 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) dividend on an annualized basis and a yield of 4.5%. 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.