Capital Group Core Plus Income ETF $CGCP Shares Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC increased its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 449.3% in the first quarter, HoldingsChannel.com reports. The firm owned 266,681 shares of the company’s stock after buying an additional 218,130 shares during the period. Gateway Wealth Partners LLC’s holdings in Capital Group Core Plus Income ETF were worth $5,958,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors raised its position in Capital Group Core Plus Income ETF by 24.7% in the fourth quarter. Capital International Investors now owns 41,266,604 shares of the company’s stock valued at $934,276,000 after purchasing an additional 8,184,599 shares during the period. LPL Financial LLC lifted its stake in Capital Group Core Plus Income ETF by 25.1% during the 4th quarter. LPL Financial LLC now owns 23,722,685 shares of the company’s stock worth $537,082,000 after acquiring an additional 4,757,976 shares in the last quarter. Morgan Stanley boosted its holdings in Capital Group Core Plus Income ETF by 14.2% during the 4th quarter. Morgan Stanley now owns 18,386,647 shares of the company’s stock valued at $416,274,000 after acquiring an additional 2,287,585 shares during the period. Wells Fargo & Company MN grew its position in Capital Group Core Plus Income ETF by 14.3% in the 4th quarter. Wells Fargo & Company MN now owns 14,897,308 shares of the company’s stock valued at $337,275,000 after acquiring an additional 1,861,484 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in Capital Group Core Plus Income ETF by 12.5% in the 1st quarter. Cetera Investment Advisers now owns 7,319,089 shares of the company’s stock valued at $163,508,000 after acquiring an additional 814,939 shares in the last quarter.

Capital Group Core Plus Income ETF Price Performance

Shares of CGCP opened at $21.99 on Monday. Capital Group Core Plus Income ETF has a fifty-two week low of $21.97 and a fifty-two week high of $23.00. The firm’s 50 day moving average price is $22.25 and its 200 day moving average price is $22.46. The company has a market cap of $8.36 billion, a P/E 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.