Cullen Frost Bankers Inc. Increases Position in Capital Group Core Plus Income ETF $CGCP

Cullen Frost Bankers Inc. raised its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 36.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 160,803 shares of the company’s stock after purchasing an additional 43,354 shares during the period. Cullen Frost Bankers Inc.’s holdings in Capital Group Core Plus Income ETF were worth $3,641,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Fifth Third Bancorp bought a new stake in shares of Capital Group Core Plus Income ETF in the 3rd quarter worth approximately $32,000. Central Pacific Bank Trust Division bought a new position in Capital Group Core Plus Income ETF during the 4th quarter valued at approximately $35,000. US Bancorp DE bought a new position in Capital Group Core Plus Income ETF during the 3rd quarter valued at approximately $41,000. Marshall & Sterling Wealth Advisors Inc. raised its stake in Capital Group Core Plus Income ETF by 85.2% during the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,211 shares of the company’s stock valued at $96,000 after buying an additional 1,937 shares during the last quarter. Finally, MAI Capital Management raised its stake in Capital Group Core Plus Income ETF by 148.3% during the third quarter. MAI Capital Management now owns 5,033 shares of the company’s stock valued at $114,000 after buying an additional 3,006 shares during the last quarter.

Capital Group Core Plus Income ETF Trading Up 0.1%

Capital Group Core Plus Income ETF stock opened at $22.24 on Friday. Capital Group Core Plus Income ETF has a 12 month low of $21.95 and a 12 month high of $23.00. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 10.69 and a beta of 0.33. The business’s fifty day simple moving average is $22.40 and its two-hundred day simple moving average is $22.61.

Capital Group Core Plus Income ETF Increases Dividend

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

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.