Ruggaard & Associates LLC cut its stake in Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Free Report) by 8.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 624,738 shares of the company’s stock after selling 58,993 shares during the period. Capital Group Core Plus Income ETF comprises approximately 5.6% of Ruggaard & Associates LLC’s portfolio, making the stock its 4th largest position. Ruggaard & Associates LLC’s holdings in Capital Group Core Plus Income ETF were worth $14,144,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in CGCP. Fifth Third Bancorp purchased a new stake in Capital Group Core Plus Income ETF during the third quarter valued at about $32,000. Central Pacific Bank Trust Division purchased a new position in shares of Capital Group Core Plus Income ETF in the 4th quarter worth about $35,000. US Bancorp DE purchased a new position in shares of Capital Group Core Plus Income ETF in the 3rd quarter worth about $41,000. Clearstead Advisors LLC bought a new position in shares of Capital Group Core Plus Income ETF during the 4th quarter valued at about $58,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Capital Group Core Plus Income ETF during the 4th quarter valued at about $65,000.
Capital Group Core Plus Income ETF Trading Up 0.2%
Shares of NYSEARCA CGCP opened at $22.34 on Friday. The stock’s 50-day moving average is $22.37 and its 200 day moving average is $22.55. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 1-year low of $22.02 and a 1-year 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.
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