Midwest Heritage Bank FSB Raises Position in Capital Group Core Plus Income ETF $CGCP

Midwest Heritage Bank FSB raised its position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,376,977 shares of the company’s stock after buying an additional 49,992 shares during the period. Capital Group Core Plus Income ETF comprises 8.7% of Midwest Heritage Bank FSB’s portfolio, making the stock its 4th biggest position. Midwest Heritage Bank FSB’s holdings in Capital Group Core Plus Income ETF were worth $30,693,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CGCP. Beam Wealth Advisors Inc. raised its stake in shares of Capital Group Core Plus Income ETF by 4.1% in the fourth quarter. Beam Wealth Advisors Inc. now owns 12,134 shares of the company’s stock valued at $275,000 after acquiring an additional 478 shares during the last quarter. Sterling Investment Advisors Ltd. grew its position in Capital Group Core Plus Income ETF by 3.5% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 16,121 shares of the company’s stock worth $360,000 after acquiring an additional 550 shares during the last quarter. Ridgeline Wealth Planning LLC grew its position in Capital Group Core Plus Income ETF by 3.3% during the 4th quarter. Ridgeline Wealth Planning LLC now owns 17,420 shares of the company’s stock worth $394,000 after acquiring an additional 555 shares during the last quarter. CWS Financial Advisors LLC increased its holdings in Capital Group Core Plus Income ETF by 1.7% during the 4th quarter. CWS Financial Advisors LLC now owns 33,753 shares of the company’s stock valued at $764,000 after purchasing an additional 575 shares in the last quarter. Finally, Cim LLC increased its holdings in Capital Group Core Plus Income ETF by 6.8% during the 3rd quarter. Cim LLC now owns 9,953 shares of the company’s stock valued at $226,000 after purchasing an additional 633 shares in the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP opened at $21.88 on Friday. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. The stock has a fifty day moving average price of $22.08 and a two-hundred day moving average price of $22.32. Capital Group Core Plus Income ETF has a 52-week low of $21.84 and a 52-week high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a $0.1074 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, July 31st.

Capital Group Core Plus Income ETF 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.