Capital Group Core Plus Income ETF $CGCP Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC increased its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 11.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 400,168 shares of the company’s stock after purchasing an additional 40,468 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $8,940,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Diversify Advisory Services LLC acquired a new stake in Capital Group Core Plus Income ETF in the 4th quarter valued at about $667,000. Kestra Investment Management LLC grew its position in shares of Capital Group Core Plus Income ETF by 11.0% during the fourth quarter. Kestra Investment Management LLC now owns 1,619,964 shares of the company’s stock worth $36,676,000 after buying an additional 160,802 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of Capital Group Core Plus Income ETF by 33.8% during the fourth quarter. Harbour Investments Inc. now owns 2,819,563 shares of the company’s stock worth $63,835,000 after buying an additional 711,803 shares during the period. Bernardo Wealth Planning LLC increased its stake in shares of Capital Group Core Plus Income ETF by 3.0% during the fourth quarter. Bernardo Wealth Planning LLC now owns 1,158,823 shares of the company’s stock worth $26,236,000 after buying an additional 33,508 shares during the period. Finally, TrueWealth Financial Partners acquired a new stake in Capital Group Core Plus Income ETF in the fourth quarter valued at approximately $1,450,000.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA:CGCP opened at $22.04 on Monday. Capital Group Core Plus Income ETF has a fifty-two week low of $21.87 and a fifty-two week high of $23.00. The firm’s 50 day moving average price is $22.20 and its 200 day moving average price is $22.42. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32.

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.