Freedom Financial Partners LLC Has $9.25 Million Position in Capital Group Core Plus Income ETF $CGCP

Freedom Financial Partners LLC raised its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 6.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 408,760 shares of the company’s stock after buying an additional 25,826 shares during the period. Capital Group Core Plus Income ETF makes up 3.4% of Freedom Financial Partners LLC’s portfolio, making the stock its 11th biggest holding. Freedom Financial Partners LLC’s holdings in Capital Group Core Plus Income ETF were worth $9,254,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp bought a new stake in shares of Capital Group Core Plus Income ETF during the third quarter worth about $32,000. US Bancorp DE acquired a new position in shares of Capital Group Core Plus Income ETF in the third quarter valued at approximately $41,000. MAI Capital Management bought a new position in Capital Group Core Plus Income ETF in the 2nd quarter valued at approximately $46,000. Marshall & Sterling Wealth Advisors Inc. raised its holdings in Capital Group Core Plus Income ETF by 85.2% in the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,211 shares of the company’s stock valued at $96,000 after buying an additional 1,937 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Capital Group Core Plus Income ETF during the 3rd quarter worth approximately $202,000.

Capital Group Core Plus Income ETF Price Performance

CGCP opened at $22.46 on Friday. Capital Group Core Plus Income ETF has a fifty-two week low of $21.74 and a fifty-two week high of $23.00. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. The company’s 50 day moving average price is $22.70 and its two-hundred day moving average price is $22.74.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.0845 dividend. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, February 27th.

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.