AA Financial Advisors LLC Reduces Stock Position in Capital Group Core Plus Income ETF $CGCP

AA Financial Advisors LLC lowered its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 39.9% during the first quarter, HoldingsChannel reports. The fund owned 487,639 shares of the company’s stock after selling 323,687 shares during the period. Capital Group Core Plus Income ETF accounts for about 1.5% of AA Financial Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. AA Financial Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $10,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors lifted its position in shares of Capital Group Core Plus Income ETF by 24.7% during the 4th quarter. Capital International Investors now owns 41,266,604 shares of the company’s stock worth $934,276,000 after buying an additional 8,184,599 shares during the last quarter. LPL Financial LLC grew its position 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 purchasing an additional 4,757,976 shares during the last quarter. Morgan Stanley raised its stake 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 last quarter. Wells Fargo & Company MN increased its stake 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 buying 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 4th quarter. Cetera Investment Advisers now owns 6,504,150 shares of the company’s stock valued at $147,254,000 after purchasing an additional 727,979 shares in the last quarter.

Capital Group Core Plus Income ETF Trading Up 0.0%

CGCP stock opened at $22.41 on Friday. The firm has a 50 day moving average of $22.36 and a 200-day moving average of $22.54. The company has a market cap of $7.59 billion, a price-to-earnings 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 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.