Valmark Advisers Inc. Boosts Holdings in Capital Group Core Plus Income ETF $CGCP

by · The Markets Daily

Valmark Advisers Inc. raised its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Free Report) by 35.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 533,240 shares of the company’s stock after acquiring an additional 140,226 shares during the quarter. Valmark Advisers Inc. owned approximately 0.21% of Capital Group Core Plus Income ETF worth $12,115,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MAI Capital Management bought a new stake in shares of Capital Group Core Plus Income ETF in the 2nd quarter worth approximately $46,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Capital Group Core Plus Income ETF by 190.2% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,490 shares of the company’s stock worth $101,000 after buying an additional 2,943 shares during the last quarter. Olistico Wealth LLC raised its stake in shares of Capital Group Core Plus Income ETF by 20.5% in the second quarter. Olistico Wealth LLC now owns 6,440 shares of the company’s stock valued at $145,000 after buying an additional 1,094 shares during the period. Financial Perspectives Inc raised its stake in shares of Capital Group Core Plus Income ETF by 10.7% in the second quarter. Financial Perspectives Inc now owns 8,255 shares of the company’s stock valued at $186,000 after buying an additional 799 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Capital Group Core Plus Income ETF by 9.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 8,451 shares of the company’s stock valued at $190,000 after buying an additional 723 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP opened at $22.72 on Friday. The business has a 50-day moving average of $22.70 and a 200 day moving average of $22.67. 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 cap of $6.52 billion, a P/E ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a dividend of $0.1183 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Wednesday, December 24th. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09.

About Capital Group Core Plus Income ETF

(Free Report)

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.

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