Merit Financial Group LLC Grows Stock Holdings in Capital Group Core Plus Income ETF $CGCP

Merit Financial Group LLC lifted its position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 1,078.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,259,377 shares of the company’s stock after purchasing an additional 2,067,719 shares during the period. Merit Financial Group LLC owned 0.86% of Capital Group Core Plus Income ETF worth $51,333,000 as of its most recent SEC filing.

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

Capital Group Core Plus Income ETF Stock Up 0.0%

NYSEARCA:CGCP opened at $22.69 on Wednesday. The firm’s fifty day simple moving average is $22.74 and its 200 day simple moving average is $22.65. The stock has a market cap of $5.94 billion, a P/E ratio of 10.69 and a beta of 0.36. Capital Group Core Plus Income ETF has a twelve month low of $21.74 and a twelve month high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 26th. Stockholders 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 6.3%. The ex-dividend date of this dividend was Wednesday, December 24th. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09.

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.