McGlone Suttner Wealth Management Inc. Buys 63,587 Shares of Capital Group Core Plus Income ETF $CGCP

McGlone Suttner Wealth Management Inc. lifted its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,558,975 shares of the company’s stock after buying an additional 63,587 shares during the quarter. Capital Group Core Plus Income ETF comprises about 3.8% of McGlone Suttner Wealth Management Inc.’s holdings, making the stock its 7th biggest holding. McGlone Suttner Wealth Management Inc.’s holdings in Capital Group Core Plus Income ETF were worth $33,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of CGCP. Midwest Heritage Bank FSB boosted its holdings in shares of Capital Group Core Plus Income ETF by 22.4% in the 1st quarter. Midwest Heritage Bank FSB now owns 1,326,985 shares of the company’s stock valued at $29,645,000 after buying an additional 242,411 shares in the last quarter. Core Wealth Partners LLC raised its stake in Capital Group Core Plus Income ETF by 11.3% during the 4th quarter. Core Wealth Partners LLC now owns 272,517 shares of the company’s stock worth $6,170,000 after acquiring an additional 27,646 shares in the last quarter. Evolve Private Wealth LLC purchased a new stake in Capital Group Core Plus Income ETF in the fourth quarter valued at $17,236,000. Baird Financial Group Inc. boosted its stake in Capital Group Core Plus Income ETF by 15.3% in the second quarter. Baird Financial Group Inc. now owns 2,416,606 shares of the company’s stock valued at $53,866,000 after acquiring an additional 321,444 shares in the last quarter. Finally, Swisher Financial Concepts Inc. boosted its stake in Capital Group Core Plus Income ETF by 11.0% in the first quarter. Swisher Financial Concepts Inc. now owns 322,053 shares of the company’s stock valued at $7,195,000 after acquiring an additional 32,017 shares in the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP stock traded up $0.03 during mid-day trading on Tuesday, hitting $21.30. 1,137,126 shares of the stock were exchanged, compared to its average volume of 1,701,673. The stock’s fifty day simple moving average is $21.73 and its two-hundred day simple moving average is $22.10. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 12-month low of $21.08 and a 12-month high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a $0.0925 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Tuesday, September 29th. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0868.

Capital Group Core Plus Income ETF Company 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.