NavPoint Financial Inc. Has $15.32 Million Holdings in Capital Group Core Plus Income ETF $CGCP

NavPoint Financial Inc. increased its stake in shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) by 3.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 685,901 shares of the company’s stock after buying an additional 25,957 shares during the period. Capital Group Core Plus Income ETF accounts for about 6.2% of NavPoint Financial Inc.’s portfolio, making the stock its 3rd largest holding. NavPoint Financial Inc.’s holdings in Capital Group Core Plus Income ETF were worth $15,323,000 as of its most recent filing with the SEC.

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

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP opened at $22.24 on Thursday. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 52 week low of $22.02 and a 52 week high of $23.00. The stock has a fifty day moving average of $22.34 and a 200-day moving average of $22.53.

Capital Group Core Plus Income ETF Company 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.