Flynn Zito Capital Management LLC Buys 53,000 Shares of Capital Group Core Plus Income ETF $CGCP

Flynn Zito Capital Management LLC grew its position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 22.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 290,406 shares of the company’s stock after purchasing an additional 53,000 shares during the quarter. Capital Group Core Plus Income ETF makes up approximately 2.1% of Flynn Zito Capital Management LLC’s portfolio, making the stock its 14th largest holding. Flynn Zito Capital Management LLC owned 0.09% of Capital Group Core Plus Income ETF worth $6,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Central Pacific Bank Trust Division bought a new position in Capital Group Core Plus Income ETF in the 4th quarter worth $35,000. US Bancorp DE bought a new position in shares of Capital Group Core Plus Income ETF in the third quarter worth about $41,000. Clearstead Advisors LLC acquired a new position in shares of Capital Group Core Plus Income ETF during the 4th quarter worth about $58,000. Godfrey Financial Associates Inc. bought a new stake in Capital Group Core Plus Income ETF during the 4th quarter valued at approximately $65,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Capital Group Core Plus Income ETF during the 4th quarter valued at approximately $84,000.

Capital Group Core Plus Income ETF Stock Up 0.2%

CGCP opened at $22.15 on Wednesday. The firm has a market capitalization of $8.35 billion, a P/E ratio of 10.69 and a beta of 0.32. The stock’s 50 day moving average price is $22.29 and its two-hundred day moving average price is $22.49. 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.