Northwestern Mutual Wealth Management Co. Acquires 506,129 Shares of Capital Group Core Plus Income ETF $CGCP

Northwestern Mutual Wealth Management Co. grew its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,749,143 shares of the company’s stock after purchasing an additional 506,129 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 1.92% of Capital Group Core Plus Income ETF worth $130,161,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CGCP. Integrated Wealth Concepts LLC raised its holdings in shares of Capital Group Core Plus Income ETF by 63.4% in the first quarter. Integrated Wealth Concepts LLC now owns 14,920 shares of the company’s stock valued at $335,000 after buying an additional 5,790 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Capital Group Core Plus Income ETF in the 1st quarter valued at about $2,904,000. Focus Partners Wealth acquired a new stake in Capital Group Core Plus Income ETF in the 1st quarter valued at about $313,000. JPMorgan Chase & Co. raised its stake in shares of Capital Group Core Plus Income ETF by 25.1% in the second quarter. JPMorgan Chase & Co. now owns 57,428 shares of the company’s stock worth $1,292,000 after acquiring an additional 11,516 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Capital Group Core Plus Income ETF by 79.1% in the second quarter. NewEdge Advisors LLC now owns 177,883 shares of the company’s stock worth $4,002,000 after acquiring an additional 78,553 shares during the last quarter.

Capital Group Core Plus Income ETF Trading Down 0.3%

Shares of CGCP stock opened at $22.33 on Friday. Capital Group Core Plus Income ETF has a 1 year low of $22.02 and a 1 year high of $23.00. The firm’s 50 day moving average is $22.38 and its 200-day moving average is $22.59. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 10.69 and a beta of 0.33.

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.