Capital Group Core Plus Income ETF $CGCP Stock Holdings Lifted by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC lifted its position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 15.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 605,349 shares of the company’s stock after buying an additional 81,416 shares during the quarter. Capital Group Core Plus Income ETF makes up about 4.3% of Lodestone Wealth Management LLC’s holdings, making the stock its largest position. Lodestone Wealth Management LLC’s holdings in Capital Group Core Plus Income ETF were worth $12,815,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CGCP. WNY Asset Management LLC purchased a new stake in shares of Capital Group Core Plus Income ETF in the 1st quarter worth about $94,023,000. Valmark Advisers Inc. increased its holdings in Capital Group Core Plus Income ETF by 99.0% during the 1st quarter. Valmark Advisers Inc. now owns 2,084,059 shares of the company’s stock valued at $46,558,000 after acquiring an additional 1,036,587 shares in the last quarter. &PARTNERS increased its holdings in Capital Group Core Plus Income ETF by 31.0% during the 4th quarter. &PARTNERS now owns 4,297,725 shares of the company’s stock valued at $97,391,000 after acquiring an additional 1,017,548 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Capital Group Core Plus Income ETF by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,369,670 shares of the company’s stock valued at $275,720,000 after acquiring an additional 884,794 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in Capital Group Core Plus Income ETF by 12.5% during the first quarter. Cetera Investment Advisers now owns 7,319,089 shares of the company’s stock worth $163,508,000 after acquiring an additional 814,939 shares during the last quarter.

Capital Group Core Plus Income ETF Price Performance

CGCP traded down $0.01 during midday trading on Wednesday, reaching $21.30. 1,219,303 shares of the company’s stock were exchanged, compared to its average volume of 1,705,817. The stock has a market capitalization of $8.35 billion, a PE ratio of 10.69 and a beta of 0.32. The business’s 50-day moving average price is $21.72 and its 200 day moving average price is $22.09. Capital Group Core Plus Income ETF has a 1-year low of $21.08 and a 1-year high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

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

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.