Stephens Inc. AR Raises Stock Holdings in Capital Group Core Plus Income ETF $CGCP

Stephens Inc. AR boosted its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 10.7% in the fourth quarter, HoldingsChannel reports. The firm owned 433,747 shares of the company’s stock after purchasing an additional 42,082 shares during the period. Stephens Inc. AR’s holdings in Capital Group Core Plus Income ETF were worth $9,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp purchased a new position in Capital Group Core Plus Income ETF in the third quarter valued at about $32,000. Central Pacific Bank Trust Division purchased a new position in Capital Group Core Plus Income ETF in the fourth quarter valued at about $35,000. US Bancorp DE purchased a new position in Capital Group Core Plus Income ETF in the third quarter valued at about $41,000. Marshall & Sterling Wealth Advisors Inc. boosted its holdings 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 last quarter. Finally, MAI Capital Management boosted its holdings 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 last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP opened at $22.17 on Friday. The company has a market capitalization of $7.51 billion, a P/E 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 stock has a 50-day moving average price of $22.44 and a 200 day moving average price of $22.63.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.0845 per share. The ex-dividend date was Friday, February 27th. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 4.6%.

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.