World Investment Advisors grew its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Free Report) by 45.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,349 shares of the company’s stock after buying an additional 39,121 shares during the period. World Investment Advisors’ holdings in Capital Group Core Plus Income ETF were worth $2,778,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new stake in shares of Capital Group Core Plus Income ETF in the fourth quarter worth $35,000. US Bancorp DE purchased a new stake in Capital Group Core Plus Income ETF in the third quarter valued at $41,000. Clearstead Advisors LLC purchased a new stake in Capital Group Core Plus Income ETF in the fourth quarter valued at $58,000. Godfrey Financial Associates Inc. acquired a new stake in Capital Group Core Plus Income ETF during the 4th quarter worth about $65,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Capital Group Core Plus Income ETF during the 4th quarter valued at about $84,000.
Capital Group Core Plus Income ETF Stock Down 0.3%
Shares of CGCP traded down $0.07 during mid-day trading on Tuesday, reaching $22.24. The company had a trading volume of 186,283 shares, compared to its average volume of 1,618,126. Capital Group Core Plus Income ETF has a 52-week low of $22.02 and a 52-week high of $23.00. The stock has a market capitalization of $8.30 billion, a P/E ratio of 10.69 and a beta of 0.32. The stock has a 50 day moving average of $22.32 and a two-hundred day moving average of $22.52.
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.
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