January Capital Advisors LLC Takes Position in Capital Group Core Plus Income ETF $CGCP

January Capital Advisors LLC acquired a new stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 594,252 shares of the company’s stock, valued at approximately $13,276,000. Capital Group Core Plus Income ETF comprises approximately 17.9% of January Capital Advisors LLC’s portfolio, making the stock its largest holding. January Capital Advisors LLC owned 0.18% of Capital Group Core Plus Income ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital International Investors lifted its holdings in Capital Group Core Plus Income ETF by 24.7% in the 4th quarter. Capital International Investors now owns 41,266,604 shares of the company’s stock valued at $934,276,000 after purchasing an additional 8,184,599 shares in the last quarter. LPL Financial LLC raised its position in shares of Capital Group Core Plus Income ETF by 25.1% in the fourth quarter. LPL Financial LLC now owns 23,722,685 shares of the company’s stock valued at $537,082,000 after buying an additional 4,757,976 shares during the last quarter. Morgan Stanley lifted its stake in shares of Capital Group Core Plus Income ETF by 14.2% during the fourth quarter. Morgan Stanley now owns 18,386,647 shares of the company’s stock valued at $416,274,000 after buying an additional 2,287,585 shares during the period. Wells Fargo & Company MN boosted its position in Capital Group Core Plus Income ETF by 14.3% during the fourth quarter. Wells Fargo & Company MN now owns 14,897,308 shares of the company’s stock worth $337,275,000 after acquiring an additional 1,861,484 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its position in Capital Group Core Plus Income ETF by 99.0% during the first quarter. Valmark Advisers Inc. now owns 2,084,059 shares of the company’s stock worth $46,558,000 after acquiring an additional 1,036,587 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Performance

CGCP stock opened at $22.06 on Friday. The company has a 50 day moving average price of $22.24 and a two-hundred day moving average price of $22.45. The stock has a market capitalization of $8.42 billion, a P/E ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a one year low of $21.97 and a one year high of $23.00.

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.