Capital Group Core Plus Income ETF $CGCP Stock: McCarley & Cook Financial Planners Boosts Position

McCarley & Cook Financial Planners increased its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 39.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 147,183 shares of the company’s stock after buying an additional 41,927 shares during the period. Capital Group Core Plus Income ETF comprises about 2.3% of McCarley & Cook Financial Planners’ holdings, making the stock its 8th biggest position. McCarley & Cook Financial Planners’ holdings in Capital Group Core Plus Income ETF were worth $3,116,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Seamount Financial Group Inc. boosted its stake in Capital Group Core Plus Income ETF by 201.2% in the third quarter. Seamount Financial Group Inc. now owns 30,101 shares of the company’s stock valued at $637,000 after acquiring an additional 20,107 shares during the last quarter. Magnus Financial Group LLC increased its stake in shares of Capital Group Core Plus Income ETF by 4.8% during the 3rd quarter. Magnus Financial Group LLC now owns 109,817 shares of the company’s stock worth $2,325,000 after purchasing an additional 5,078 shares during the last quarter. AA Financial Advisors LLC increased its stake in shares of Capital Group Core Plus Income ETF by 1.6% during the 3rd quarter. AA Financial Advisors LLC now owns 527,612 shares of the company’s stock worth $11,170,000 after purchasing an additional 8,205 shares during the last quarter. LongView Wealth Management increased its stake in shares of Capital Group Core Plus Income ETF by 4.5% during the 3rd quarter. LongView Wealth Management now owns 114,466 shares of the company’s stock worth $2,423,000 after purchasing an additional 4,899 shares during the last quarter. Finally, Smith Thornton Advisors LLC raised its holdings in shares of Capital Group Core Plus Income ETF by 2.4% in the 3rd quarter. Smith Thornton Advisors LLC now owns 287,870 shares of the company’s stock worth $6,094,000 after purchasing an additional 6,799 shares during the period.

Capital Group Core Plus Income ETF Trading Up 0.0%

NYSEARCA:CGCP opened at $21.39 on Thursday. Capital Group Core Plus Income ETF has a 12 month low of $21.08 and a 12 month high of $23.00. The firm’s 50 day moving average is $21.64 and its 200 day moving average is $22.05. The stock has a market capitalization of $8.42 billion, a PE ratio of 10.69 and a beta of 0.32.

Capital Group Core Plus Income ETF Increases Dividend

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

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.