Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Large Volume Increase – What’s Next?

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw strong trading volume on Friday . 1,013,981 shares were traded during trading, an increase of 35% from the previous session’s volume of 748,954 shares.The stock last traded at $22.19 and had previously closed at $22.20.

Capital Group Core Plus Income ETF Stock Down 0.1 %

The business’s fifty day moving average is $22.45 and its 200 day moving average is $22.67.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were given a $0.0859 dividend. This is an increase from Capital Group Core Plus Income ETF’s previous dividend of $0.08. The ex-dividend date of this dividend was Friday, November 29th.

Institutional Investors Weigh In On Capital Group Core Plus Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CGCP. Private Advisor Group LLC grew its stake in Capital Group Core Plus Income ETF by 15.3% in the 2nd quarter. Private Advisor Group LLC now owns 181,722 shares of the company’s stock valued at $4,038,000 after buying an additional 24,172 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Capital Group Core Plus Income ETF during the 2nd quarter valued at $532,000. Ausdal Financial Partners Inc. bought a new stake in shares of Capital Group Core Plus Income ETF during the 2nd quarter valued at $538,000. Ashton Thomas Private Wealth LLC lifted its holdings in Capital Group Core Plus Income ETF by 90.1% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 123,992 shares of the company’s stock worth $2,755,000 after purchasing an additional 58,783 shares in the last quarter. Finally, Studio Investment Management LLC boosted its stake in Capital Group Core Plus Income ETF by 17.9% in the 2nd quarter. Studio Investment Management LLC now owns 132,500 shares of the company’s stock worth $2,944,000 after purchasing an additional 20,129 shares during the period.

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.