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 share price hit a new 52-week low during trading on Wednesday . The stock 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 Trading Down 0.2%

The company has a market capitalization of $8.36 billion, a PE ratio of 10.69 and a beta of 0.32. The stock has a fifty day moving average of $22.06 and a two-hundred day moving average of $22.30.

Capital Group Core Plus Income ETF Increases Dividend

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

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital International Investors boosted its position in 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 buying an additional 8,184,599 shares during the period. LPL Financial LLC lifted its stake in shares of Capital Group Core Plus Income ETF by 25.1% in the 4th quarter. LPL Financial LLC now owns 23,722,685 shares of the company’s stock valued at $537,082,000 after acquiring an additional 4,757,976 shares during the last quarter. WNY Asset Management LLC purchased a new stake in Capital Group Core Plus Income ETF during the 1st quarter valued at about $94,023,000. Morgan Stanley boosted its holdings 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 acquiring an additional 2,287,585 shares during the period. Finally, Wells Fargo & Company MN grew its position in Capital Group Core Plus Income ETF by 14.3% during the 4th quarter. Wells Fargo & Company MN now owns 14,897,308 shares of the company’s stock worth $337,275,000 after acquiring an additional 1,861,484 shares during 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.