Capital Group Core Plus Income ETF $CGCP Stock Acquired by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC increased its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 15.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 605,349 shares of the company’s stock after purchasing an additional 81,416 shares during the quarter. Capital Group Core Plus Income ETF accounts for 4.3% of Lodestone Wealth Management LLC’s investment portfolio, making the stock its largest position. Lodestone Wealth Management LLC owned approximately 0.15% of Capital Group Core Plus Income ETF worth $12,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Sterling Investment Advisors Ltd. boosted its holdings in Capital Group Core Plus Income ETF by 3.5% during the first quarter. Sterling Investment Advisors Ltd. now owns 16,121 shares of the company’s stock worth $360,000 after buying an additional 550 shares in the last quarter. CWS Financial Advisors LLC increased its holdings in Capital Group Core Plus Income ETF by 1.8% in the first quarter. CWS Financial Advisors LLC now owns 34,361 shares of the company’s stock valued at $768,000 after buying an additional 608 shares in the last quarter. Breakwater Capital Group increased its holdings in Capital Group Core Plus Income ETF by 7.2% in the second quarter. Breakwater Capital Group now owns 9,936 shares of the company’s stock valued at $221,000 after buying an additional 671 shares in the last quarter. Ridgeline Wealth Planning LLC increased its holdings in Capital Group Core Plus Income ETF by 5.5% in the first quarter. Ridgeline Wealth Planning LLC now owns 18,386 shares of the company’s stock valued at $411,000 after buying an additional 966 shares in the last quarter. Finally, Merited Wealth LLC lifted its position in shares of Capital Group Core Plus Income ETF by 1.9% during the 1st quarter. Merited Wealth LLC now owns 66,877 shares of the company’s stock valued at $1,494,000 after acquiring an additional 1,277 shares during the period.

Capital Group Core Plus Income ETF Price Performance

Shares of CGCP stock traded down $0.01 during midday trading on Wednesday, reaching $21.30. 1,219,303 shares of the company traded hands, compared to its average volume of 1,705,817. The firm’s 50 day simple moving average is $21.72 and its two-hundred day simple moving average is $22.09. The firm has a market cap of $8.35 billion, a PE 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 $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued a $0.0925 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0868.

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.