Western Wealth Management LLC Acquires 40,583 Shares of Capital Group Core Plus Income ETF $CGCP

Western Wealth Management LLC raised its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 31.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 167,656 shares of the company’s stock after acquiring an additional 40,583 shares during the period. Western Wealth Management LLC’s holdings in Capital Group Core Plus Income ETF were worth $3,745,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. US Bancorp DE purchased a new stake in shares of Capital Group Core Plus Income ETF during the 3rd quarter valued at approximately $41,000. Bessemer Group Inc. bought a new position in Capital Group Core Plus Income ETF in the 1st quarter worth approximately $45,000. Clearstead Advisors LLC purchased a new position in Capital Group Core Plus Income ETF in the 4th quarter valued at approximately $58,000. Godfrey Financial Associates Inc. purchased a new position in Capital Group Core Plus Income ETF in 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 $84,000.

Capital Group Core Plus Income ETF Price Performance

Shares of CGCP stock opened at $21.91 on Friday. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. The company’s fifty day simple moving average is $22.24 and its two-hundred day simple moving average is $22.44. Capital Group Core Plus Income ETF has a 1 year low of $21.87 and a 1 year 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.