Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sets New 52-Week High – Here’s Why

Posted by Linda Flegge on Feb 25th, 2025

Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.20 and last traded at $22.55, with a volume of 356 shares trading hands. The stock had previously closed at $22.47.

Capital Group Core Plus Income ETF Price Performance

The stock’s fifty day moving average is $22.25 and its two-hundred day moving average is $22.61.

Capital Group Core Plus Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were given a $0.0801 dividend. The ex-dividend date of this dividend was Friday, January 31st.

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

Several hedge funds have recently modified their holdings of CGCP. Blue Trust Inc. acquired a new position in Capital Group Core Plus Income ETF in the fourth quarter worth approximately $31,000. Creative Financial Designs Inc. ADV raised its position in shares of Capital Group Core Plus Income ETF by 49.8% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,774 shares of the company’s stock worth $41,000 after purchasing an additional 590 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of Capital Group Core Plus Income ETF during the fourth quarter valued at $50,000. Transcendent Capital Group LLC acquired a new position in shares of Capital Group Core Plus Income ETF in the 3rd quarter valued at $53,000. Finally, Capital Analysts LLC purchased a new position in Capital Group Core Plus Income ETF in the 4th quarter worth about $54,000.

About Capital Group Core Plus Income ETF

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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.