Assetmark Inc. Increases Stake in Capital Group Core Plus Income ETF $CGCP

Assetmark Inc. increased its position in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 31.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 116,158 shares of the company’s stock after buying an additional 27,845 shares during the period. Assetmark Inc.’s holdings in Capital Group Core Plus Income ETF were worth $2,595,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in Capital Group Core Plus Income ETF during the 3rd quarter worth about $41,000. Bessemer Group Inc. purchased a new stake in shares of Capital Group Core Plus Income ETF during the 1st quarter worth approximately $45,000. Clearstead Advisors LLC purchased a new stake in shares of Capital Group Core Plus Income ETF during the 4th quarter worth approximately $58,000. Godfrey Financial Associates Inc. acquired a new position in shares of Capital Group Core Plus Income ETF in the 4th quarter valued at $65,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Capital Group Core Plus Income ETF in the 4th quarter valued at $84,000.

Capital Group Core Plus Income ETF Price Performance

NYSEARCA CGCP opened at $21.99 on Friday. The firm’s fifty day moving average price is $22.26 and its 200 day moving average price is $22.47. Capital Group Core Plus Income ETF has a 12 month low of $21.97 and a 12 month high of $23.00. The company has a market capitalization of $8.36 billion, a price-to-earnings 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.