Merit Financial Group LLC Grows Stock Holdings in Capital Group Core Plus Income ETF $CGCP

Merit Financial Group LLC grew its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 5.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,386,398 shares of the company’s stock after buying an additional 127,021 shares during the period. Merit Financial Group LLC owned 0.81% of Capital Group Core Plus Income ETF worth $54,028,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. grew its holdings in Capital Group Core Plus Income ETF by 2.5% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 1,335,471 shares of the company’s stock worth $30,342,000 after purchasing an additional 33,117 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of Capital Group Core Plus Income ETF by 20.3% during the third quarter. Benjamin Edwards Inc. now owns 385,664 shares of the company’s stock worth $8,762,000 after purchasing an additional 65,065 shares in the last quarter. Adamsbrown Wealth Consultants LLC lifted its holdings in shares of Capital Group Core Plus Income ETF by 15.5% during the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 1,457,043 shares of the company’s stock valued at $33,104,000 after purchasing an additional 195,549 shares during the last quarter. Bernardo Wealth Planning LLC lifted its holdings in shares of Capital Group Core Plus Income ETF by 6.3% during the 3rd quarter. Bernardo Wealth Planning LLC now owns 1,125,315 shares of the company’s stock valued at $25,567,000 after purchasing an additional 66,854 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its position in shares of Capital Group Core Plus Income ETF by 35.7% in the 3rd quarter. Valmark Advisers Inc. now owns 533,240 shares of the company’s stock worth $12,115,000 after purchasing an additional 140,226 shares in the last quarter.

Capital Group Core Plus Income ETF Price Performance

Shares of CGCP stock opened at $22.51 on Friday. Capital Group Core Plus Income ETF has a 1-year low of $21.95 and a 1-year high of $23.00. The stock’s fifty day moving average price is $22.58 and its 200 day moving average price is $22.68. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 10.69 and a beta of 0.35.

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 issued 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.