Capital Group Core Plus Income ETF $CGCP Stake Lessened by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lessened its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 27.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 123,230 shares of the company’s stock after selling 45,590 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Capital Group Core Plus Income ETF were worth $2,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diversify Advisory Services LLC bought a new stake in shares of Capital Group Core Plus Income ETF in the fourth quarter worth $667,000. Affiance Financial LLC increased its stake in 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 valued at $5,555,000 after purchasing an additional 53,114 shares during the last quarter. Citigroup Inc. bought a new stake in Capital Group Core Plus Income ETF during the third quarter valued at $2,183,000. ProCore Advisors LLC bought a new stake in Capital Group Core Plus Income ETF during the fourth quarter valued at $1,633,000. Finally, Stonebridge Financial Group LLC increased its stake in Capital Group Core Plus Income ETF by 5.0% during the fourth quarter. Stonebridge Financial Group LLC now owns 1,981,698 shares of the company’s stock valued at $44,866,000 after purchasing an additional 94,501 shares during the last quarter.

Capital Group Core Plus Income ETF Price Performance

CGCP stock opened at $22.33 on Friday. Capital Group Core Plus Income ETF has a 1-year low of $22.02 and a 1-year high of $23.00. The firm has a fifty day moving average price of $22.38 and a two-hundred day moving average price of $22.59. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 10.69 and a beta of 0.33.

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.