Independent Financial Group LLC Purchases New Position in Capital Group Core Plus Income ETF $CGCP

Independent Financial Group LLC acquired a new position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) in the 1st quarter, HoldingsChannel reports. The firm acquired 60,927 shares of the company’s stock, valued at approximately $1,361,000.

A number of other large investors have also recently made changes to their positions in the business. Capital International Investors increased its stake in shares of Capital Group Core Plus Income ETF by 24.7% during the fourth quarter. Capital International Investors now owns 41,266,604 shares of the company’s stock valued at $934,276,000 after buying an additional 8,184,599 shares during the period. LPL Financial LLC raised its holdings in shares of Capital Group Core Plus Income ETF by 25.1% during the fourth quarter. LPL Financial LLC now owns 23,722,685 shares of the company’s stock valued at $537,082,000 after acquiring an additional 4,757,976 shares in the last quarter. Morgan Stanley lifted its stake in Capital Group Core Plus Income ETF by 14.2% in the fourth quarter. Morgan Stanley now owns 18,386,647 shares of the company’s stock worth $416,274,000 after acquiring an additional 2,287,585 shares during the period. Wells Fargo & Company MN lifted its stake in Capital Group Core Plus Income ETF by 14.3% in the fourth quarter. Wells Fargo & Company MN now owns 14,897,308 shares of the company’s stock worth $337,275,000 after acquiring an additional 1,861,484 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Capital Group Core Plus Income ETF by 12.6% in the fourth quarter. Cetera Investment Advisers now owns 6,504,150 shares of the company’s stock valued at $147,254,000 after acquiring an additional 727,979 shares in the last quarter.

Capital Group Core Plus Income ETF Trading Down 0.3%

Shares of Capital Group Core Plus Income ETF stock opened at $22.14 on Tuesday. The company’s fifty day simple moving average is $22.27 and its two-hundred day simple moving average is $22.48. The company has a market cap of $8.39 billion, a P/E ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 12-month low of $22.02 and a 12-month high of $23.00.

Capital Group Core Plus Income ETF Company 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.