Flynn Zito Capital Management LLC Acquires 53,000 Shares of Capital Group Core Plus Income ETF $CGCP

Flynn Zito Capital Management LLC grew its holdings in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 22.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 290,406 shares of the company’s stock after acquiring an additional 53,000 shares during the period. Capital Group Core Plus Income ETF makes up 2.1% of Flynn Zito Capital Management LLC’s portfolio, making the stock its 14th biggest position. Flynn Zito Capital Management LLC’s holdings in Capital Group Core Plus Income ETF were worth $6,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in shares of Capital Group Core Plus Income ETF during the 4th quarter valued at about $35,000. US Bancorp DE acquired a new position in Capital Group Core Plus Income ETF in the third quarter worth about $41,000. Clearstead Advisors LLC bought a new position in Capital Group Core Plus Income ETF during the fourth quarter worth about $58,000. Godfrey Financial Associates Inc. acquired a new stake in Capital Group Core Plus Income ETF during the fourth quarter valued at approximately $65,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Capital Group Core Plus Income ETF during the fourth quarter valued at approximately $84,000.

Capital Group Core Plus Income ETF Trading Up 0.2%

CGCP stock opened at $22.15 on Wednesday. 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 $8.35 billion, a P/E ratio of 10.69 and a beta of 0.32. The business’s 50 day moving average is $22.29 and its 200-day moving average is $22.49.

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.