Independent Financial Group LLC Takes Position in Capital Group Core Plus Income ETF $CGCP

Independent Financial Group LLC acquired a new stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 60,927 shares of the company’s stock, valued at approximately $1,361,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGCP. Diversify Advisory Services LLC purchased a new stake in Capital Group Core Plus Income ETF in the fourth quarter worth approximately $667,000. Affiance Financial LLC raised its stake in shares of Capital Group Core Plus Income ETF by 27.6% during the fourth quarter. Affiance Financial LLC now owns 245,357 shares of the company’s stock worth $5,555,000 after acquiring an additional 53,114 shares in the last quarter. ProCore Advisors LLC purchased a new position in shares of Capital Group Core Plus Income ETF during the fourth quarter worth approximately $1,633,000. Kestra Investment Management LLC lifted its holdings in shares of Capital Group Core Plus Income ETF by 11.0% in the 4th quarter. Kestra Investment Management LLC now owns 1,619,964 shares of the company’s stock worth $36,676,000 after acquiring an additional 160,802 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Capital Group Core Plus Income ETF by 27.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 660,083 shares of the company’s stock worth $14,944,000 after acquiring an additional 143,476 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of Capital Group Core Plus Income ETF stock opened at $22.14 on Tuesday. Capital Group Core Plus Income ETF has a 52-week low of $22.02 and a 52-week high of $23.00. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. The company has a fifty day moving average of $22.27 and a 200-day moving average of $22.48.

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.