Capital Group Core Plus Income ETF $CGCP Stock: Convergence Financial LLC Trims Position

Convergence Financial LLC trimmed its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 99.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 14,117 shares of the company’s stock after selling 1,421,440 shares during the period. Convergence Financial LLC’s holdings in Capital Group Core Plus Income ETF were worth $299,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. William Mack & Associates Inc. bought a new position in Capital Group Core Plus Income ETF in the 3rd quarter valued at approximately $289,000. Latitude Advisors LLC purchased a new position in shares of Capital Group Core Plus Income ETF during the 3rd quarter valued at $44,000. SYM FINANCIAL Corp bought a new stake in Capital Group Core Plus Income ETF during the third quarter valued at about $31,000. Oppenheimer & Co. Inc. bought a new position in shares of Capital Group Core Plus Income ETF in the third quarter worth about $4,032,000. Finally, Midwest Heritage Bank FSB grew its position in shares of Capital Group Core Plus Income ETF by 0.7% during the third quarter. Midwest Heritage Bank FSB now owns 1,386,508 shares of the company’s stock worth $29,352,000 after purchasing an additional 9,531 shares in the last quarter.

Capital Group Core Plus Income ETF Price Performance

Capital Group Core Plus Income ETF stock opened at $21.60 on Friday. The stock has a market cap of $8.59 billion, a P/E ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 1 year low of $21.08 and a 1 year high of $22.90. The firm’s 50 day moving average price is $21.59 and its 200-day moving average price is $22.20.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.0925 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.1%. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0868.

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.