New England Capital Financial Advisors LLC Lowers Position in Capital Group Core Plus Income ETF $CGCP

New England Capital Financial Advisors LLC lessened its holdings in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 52.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 262,984 shares of the company’s stock after selling 291,932 shares during the quarter. Capital Group Core Plus Income ETF comprises 1.6% of New England Capital Financial Advisors LLC’s investment portfolio, making the stock its 14th largest position. New England Capital Financial Advisors LLC owned about 0.08% of Capital Group Core Plus Income ETF worth $5,875,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Diversify Advisory Services LLC bought a new stake in shares of Capital Group Core Plus Income ETF during the 4th quarter worth $667,000. Affiance Financial LLC raised its position 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 in the last quarter. ProCore Advisors LLC bought a new stake in Capital Group Core Plus Income ETF during the fourth quarter worth about $1,633,000. Citigroup Inc. bought a new stake in Capital Group Core Plus Income ETF during the third quarter worth about $2,183,000. Finally, Private Advisor Group LLC boosted its holdings in shares of Capital Group Core Plus Income ETF by 12.9% in the 3rd quarter. Private Advisor Group LLC now owns 445,422 shares of the company’s stock worth $10,120,000 after purchasing an additional 50,779 shares in the last quarter.

Capital Group Core Plus Income ETF Stock Performance

Shares of Capital Group Core Plus Income ETF stock opened at $22.29 on Friday. The firm has a market capitalization of $8.24 billion, a PE ratio of 10.69 and a beta of 0.32. The business’s 50-day moving average price is $22.33 and its 200-day moving average price is $22.52. Capital Group Core Plus Income ETF has a 12 month low of $22.02 and a 12 month 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.