Balboa Wealth Partners Acquires New Position in Capital Group Core Plus Income ETF $CGCP

Balboa Wealth Partners acquired a new stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,018 shares of the company’s stock, valued at approximately $514,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital International Investors lifted its stake in 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 worth $934,276,000 after purchasing an additional 8,184,599 shares during the last quarter. LPL Financial LLC increased its stake in shares of Capital Group Core Plus Income ETF by 25.1% in the 4th quarter. LPL Financial LLC now owns 23,722,685 shares of the company’s stock valued at $537,082,000 after purchasing an additional 4,757,976 shares during the last quarter. Morgan Stanley increased its stake in shares of Capital Group Core Plus Income ETF by 14.2% in the 4th quarter. Morgan Stanley now owns 18,386,647 shares of the company’s stock valued at $416,274,000 after purchasing an additional 2,287,585 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Capital Group Core Plus Income ETF by 14.3% during the 4th quarter. Wells Fargo & Company MN now owns 14,897,308 shares of the company’s stock worth $337,275,000 after buying an additional 1,861,484 shares in the last quarter. Finally, &PARTNERS raised its holdings in shares of Capital Group Core Plus Income ETF by 31.0% during the 4th quarter. &PARTNERS now owns 4,297,725 shares of the company’s stock worth $97,391,000 after buying an additional 1,017,548 shares in the last quarter.

Capital Group Core Plus Income ETF Stock Down 0.3%

Shares of CGCP stock opened at $22.28 on Tuesday. Capital Group Core Plus Income ETF has a twelve month low of $22.02 and a twelve month high of $23.00. The company has a market cap of $7.55 billion, a P/E ratio of 10.69 and a beta of 0.32. The business has a fifty day simple moving average of $22.36 and a 200 day simple moving average of $22.54.

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.