New England Capital Financial Advisors LLC lessened its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Free Report) by 52.6% during the first quarter, Holdings Channel.com reports. The firm owned 262,984 shares of the company’s stock after selling 291,932 shares during the quarter. Capital Group Core Plus Income ETF accounts for 1.6% of New England Capital Financial Advisors LLC’s investment portfolio, making the stock its 14th largest holding. New England Capital Financial Advisors LLC’s holdings in Capital Group Core Plus Income ETF were worth $5,875,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. Capital International Investors boosted its position 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 valued at $934,276,000 after buying an additional 8,184,599 shares during the period. LPL Financial LLC increased its holdings in shares of Capital Group Core Plus Income ETF by 25.1% in the fourth quarter. LPL Financial LLC now owns 23,722,685 shares of the company’s stock worth $537,082,000 after buying an additional 4,757,976 shares during the period. Morgan Stanley lifted 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 acquiring an additional 2,287,585 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of 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 acquiring an additional 1,861,484 shares during the last quarter. Finally, &PARTNERS boosted its holdings in 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 valued at $97,391,000 after acquiring an additional 1,017,548 shares during the period.
Capital Group Core Plus Income ETF Price Performance
CGCP opened at $22.29 on Friday. The stock’s 50 day simple moving average is $22.33 and its 200 day simple moving average is $22.52. Capital Group Core Plus Income ETF has a 1 year low of $22.02 and a 1 year high of $23.00. The firm has a market cap of $8.24 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.
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Want to see what other hedge funds are holding CGCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Free Report).
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