Sovran Advisors LLC Increases Holdings in Capital Group Core Plus Income ETF $CGCP

Sovran Advisors LLC raised its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 5.6% in the first quarter, HoldingsChannel reports. The firm owned 628,910 shares of the company’s stock after buying an additional 33,457 shares during the quarter. Capital Group Core Plus Income ETF makes up 1.1% of Sovran Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Sovran Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $14,050,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors increased its stake in shares of Capital Group Core Plus Income ETF by 24.7% during the fourth quarter. Capital International Investors now owns 41,266,604 shares of the company’s stock valued at $934,276,000 after buying an additional 8,184,599 shares during the period. LPL Financial LLC lifted its stake in 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 worth $537,082,000 after acquiring an additional 4,757,976 shares during the period. Morgan Stanley lifted its stake in Capital Group Core Plus Income ETF by 14.2% in the fourth quarter. Morgan Stanley now owns 18,386,647 shares of the company’s stock worth $416,274,000 after acquiring an additional 2,287,585 shares during the period. Wells Fargo & Company MN boosted its holdings in Capital Group Core Plus Income ETF by 14.3% in the fourth quarter. Wells Fargo & Company MN now owns 14,897,308 shares of the company’s stock valued at $337,275,000 after acquiring an additional 1,861,484 shares in the last quarter. Finally, &PARTNERS boosted its holdings in Capital Group Core Plus Income ETF by 31.0% in the fourth quarter. &PARTNERS now owns 4,297,725 shares of the company’s stock valued at $97,391,000 after acquiring an additional 1,017,548 shares in the last quarter.

Capital Group Core Plus Income ETF Price Performance

Capital Group Core Plus Income ETF stock traded down $0.03 during mid-day trading on Friday, reaching $22.17. 1,023,439 shares of the company traded hands, compared to its average volume of 1,619,349. Capital Group Core Plus Income ETF has a 52-week low of $22.02 and a 52-week high of $23.00. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. The firm’s 50 day moving average price is $22.30 and its 200 day moving average price is $22.50.

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.