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

Valmark Advisers Inc. boosted its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 35.7% in the 3rd quarter, Holdings Channel reports. The firm owned 533,240 shares of the company’s stock after acquiring an additional 140,226 shares during the quarter. Valmark Advisers Inc.’s holdings in Capital Group Core Plus Income ETF were worth $12,115,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. raised its stake in shares of Capital Group Core Plus Income ETF by 2.5% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 1,335,471 shares of the company’s stock worth $30,342,000 after acquiring an additional 33,117 shares in the last quarter. Assetmark Inc. bought a new position in shares of Capital Group Core Plus Income ETF during the 2nd quarter valued at $221,000. Aspire Growth Partners LLC purchased a new position in Capital Group Core Plus Income ETF in the 2nd quarter worth $353,000. Franklin Resources Inc. bought a new stake in Capital Group Core Plus Income ETF in the second quarter worth $1,083,000. Finally, Benjamin Edwards Inc. lifted its stake in Capital Group Core Plus Income ETF by 20.3% in the third quarter. Benjamin Edwards Inc. now owns 385,664 shares of the company’s stock worth $8,762,000 after purchasing an additional 65,065 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Up 0.2%

NYSEARCA CGCP opened at $22.72 on Friday. The company has a 50-day simple moving average of $22.70 and a two-hundred day simple moving average of $22.67. Capital Group Core Plus Income ETF has a 12-month low of $21.74 and a 12-month high of $23.00. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

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

About Capital Group Core Plus Income ETF

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.