Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sets New 1-Year Low – Here’s What Happened

Capital Group Core Plus Income ETF (NYSEARCA:CGCP)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $21.82 and last traded at $21.8250, with a volume of 812054 shares changing hands. The stock had previously closed at $21.88.

Capital Group Core Plus Income ETF Price Performance

The company has a market capitalization of $8.36 billion, a P/E ratio of 10.69 and a beta of 0.32. The company has a 50 day moving average of $22.06 and a 200-day moving average of $22.30.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a $0.1074 dividend. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a yield of 5.9%.

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

Hedge funds have recently made changes to their positions in the business. Capital International Investors raised its holdings in shares of Capital Group Core Plus Income ETF by 24.7% during the fourth quarter. Capital International Investors now owns 41,266,604 shares of the company’s stock valued at $934,276,000 after acquiring an additional 8,184,599 shares in the last quarter. LPL Financial LLC increased its position in Capital Group Core Plus Income ETF by 25.1% during the 4th quarter. LPL Financial LLC now owns 23,722,685 shares of the company’s stock valued at $537,082,000 after purchasing an additional 4,757,976 shares during the period. Morgan Stanley increased its position in Capital Group Core Plus Income ETF by 14.2% during the 4th quarter. Morgan Stanley now owns 18,386,647 shares of the company’s stock valued at $416,274,000 after purchasing an additional 2,287,585 shares during the period. Wells Fargo & Company MN raised its holdings in Capital Group Core Plus Income ETF by 14.3% in the 4th quarter. Wells Fargo & Company MN now owns 14,897,308 shares of the company’s stock worth $337,275,000 after purchasing an additional 1,861,484 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Capital Group Core Plus Income ETF by 12.5% in the 1st quarter. Cetera Investment Advisers now owns 7,319,089 shares of the company’s stock worth $163,508,000 after purchasing an additional 814,939 shares in the last quarter.

About Capital Group Core Plus Income ETF

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.