LPL Financial LLC Has $537.08 Million Position in Capital Group Core Plus Income ETF $CGCP

LPL Financial LLC increased its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 25.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,722,685 shares of the company’s stock after buying an additional 4,757,976 shares during the quarter. LPL Financial LLC owned about 7.92% of Capital Group Core Plus Income ETF worth $537,082,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in Capital Group Core Plus Income ETF during the third quarter worth approximately $32,000. Central Pacific Bank Trust Division acquired a new stake in Capital Group Core Plus Income ETF during the fourth quarter worth approximately $35,000. US Bancorp DE acquired a new stake in Capital Group Core Plus Income ETF during the third quarter worth approximately $41,000. Clearstead Advisors LLC acquired a new stake in shares of Capital Group Core Plus Income ETF in the 4th quarter valued at $58,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Capital Group Core Plus Income ETF in the 4th quarter valued at $65,000.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP stock opened at $22.20 on Tuesday. The stock’s fifty day moving average price is $22.37 and its two-hundred day moving average price is $22.57. The company has a market cap of $7.52 billion, a PE ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a fifty-two week low of $22.02 and a fifty-two week high of $23.00.

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.