Stratos Wealth Partners LTD. has significantly increased its holdings in the Capital Group Core Plus Income ETF (NYSEARCA: CGCP) by an impressive 202.1% in the third quarter of 2023. The firm disclosed to the Securities and Exchange Commission (SEC) that it now possesses 93,262 shares following the acquisition of an additional 62,391 shares during this period. The total value of Stratos Wealth Partners’ investment in the ETF stands at approximately $2,119,000 based on the latest filing.
The surge in investment by Stratos Wealth Partners is part of a broader trend, as several other hedge funds have also adjusted their positions in the Capital Group Core Plus Income ETF. For instance, Tyler Stone Wealth Management enhanced its stake by 1.1% in the second quarter, bringing its total to 48,101 shares, valued at around $1,082,000 after acquiring an additional 540 shares.
Asset Allocation Strategies LLC also increased its holdings by 1.4% in the third quarter, now owning 38,089 shares worth approximately $865,000 after purchasing an extra 541 shares. Similarly, Premier Path Wealth Partners LLC raised its stake by 1.0%, resulting in 53,614 shares valued at $1,218,000 following the acquisition of an additional 554 shares.
Silverlake Wealth Management LLC and Dynamic Advisor Solutions LLC made modest increases as well. Silverlake raised its stake by 0.8%, now holding 73,230 shares valued at around $1,648,000, while Dynamic Advisor Solutions added 0.6%, bringing its total to 102,545 shares worth approximately $2,330,000 after acquiring 637 shares.
Capital Group Core Plus Income ETF Overview
The Capital Group Core Plus Income ETF, which launched on February 22, 2022, primarily invests in broad credit fixed income. The fund actively includes bonds and other debt securities issued by a diverse range of corporate and government entities worldwide, without restrictions on credit ratings or maturities.
As of the latest trading session, shares of the Capital Group Core Plus Income ETF opened at $22.87. Over the past year, the ETF has seen a low of $21.74 and a high of $23.00. The fund has a market capitalization of $6.85 billion, a price-to-earnings (PE) ratio of 10.69, and a beta of 0.36. Its performance metrics include a 50-day simple moving average of $22.70 and a 200-day simple moving average of $22.72.
Stratos Wealth Partners’ strategic move to enhance its holdings reflects a growing interest in the Capital Group Core Plus Income ETF, marking a significant shift in investment trends among hedge funds focused on income-generating assets. With the ETF’s diversified approach to bond investments, it continues to attract attention from various investment management firms actively adjusting their portfolios.
