Stratos Wealth Partners LTD. significantly increased its holdings in the Capital Group Core Plus Income ETF (NYSEARCA: CGCP) by an impressive 202.1% during the third quarter of 2023. According to a recent filing with the Securities and Exchange Commission (SEC), the firm now owns 93,262 shares of the ETF, having acquired an additional 62,391 shares in that period. The total value of Stratos Wealth’s investment in the ETF stands at approximately $2,119,000.
Other investment firms have also adjusted their positions in the Capital Group Core Plus Income ETF, reflecting growing interest in the fund. For instance, Tyler Stone Wealth Management increased its stake by 1.1% in the second quarter, bringing its total holdings to 48,101 shares valued at $1,082,000 after acquiring an additional 540 shares.
Other Notable Stake Increases
Asset Allocation Strategies LLC expanded its investment by 1.4% in the same quarter, now holding 38,089 shares worth about $865,000 following the purchase of 541 shares. Meanwhile, Premier Path Wealth Partners LLC increased its stake by 1.0%, owning 53,614 shares valued at $1,218,000 after acquiring an additional 554 shares. Silverlake Wealth Management LLC also made a modest increase of 0.8% in its holdings. It now holds 73,230 shares valued at $1,648,000 after buying 602 shares.
Lastly, Dynamic Advisor Solutions LLC reported a 0.6% increase in its position, now owning 102,545 shares valued at $2,330,000 after purchasing an additional 637 shares.
Market Performance Overview
On the market, shares of the Capital Group Core Plus Income ETF opened at $22.87 on the latest trading day. The ETF has experienced a 52-week low of $21.74 and a 52-week high of $23.00. With a market capitalization of $6.85 billion, the fund has a price-to-earnings (P/E) ratio of 10.69 and a beta of 0.36, indicating lower volatility compared to the broader market. Its recent performance shows a 50-day simple moving average of $22.70 and a 200-day simple moving average of $22.72.
The Capital Group Core Plus Income ETF was launched on February 22, 2022, and primarily invests in a diverse range of credit fixed income securities. The fund actively manages investments in bonds and other debt instruments issued by various corporate and governmental entities worldwide, with no restrictions on credit ratings or maturities.
As investment firms continue to adjust their stakes in the Capital Group Core Plus Income ETF, the evolving dynamics within the fund may present new opportunities and risks for stakeholders in the market.
