Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Hits New 52-Week Low – Here’s What Happened

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) reached a new 52-week low during trading on Wednesday . The stock traded as low as $21.57 and last traded at $21.5550, with a volume of 133101 shares trading hands. The stock had previously closed at $21.70.

Capital Group Core Plus Income ETF Stock Performance

The firm’s 50 day moving average is $21.95 and its two-hundred day moving average is $22.22. The stock has a market capitalization of $8.40 billion, a PE ratio of 10.69 and a beta of 0.32.

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 $0.1074 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, July 31st.

Institutional Trading of Capital Group Core Plus Income ETF

Several hedge funds have recently modified their holdings of the stock. Capital International Investors raised its holdings in Capital Group Core Plus Income ETF by 24.7% in 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 grew its holdings 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 worth $537,082,000 after acquiring an additional 4,757,976 shares in the last quarter. WNY Asset Management LLC purchased a new stake in shares of Capital Group Core Plus Income ETF in the 1st quarter valued at approximately $94,023,000. Valmark Advisers Inc. increased its position in shares of Capital Group Core Plus Income ETF by 99.0% in the 1st quarter. Valmark Advisers Inc. now owns 2,084,059 shares of the company’s stock valued at $46,558,000 after purchasing an additional 1,036,587 shares during the last quarter. Finally, &PARTNERS raised its holdings in shares of Capital Group Core Plus Income ETF by 31.0% in the 4th quarter. &PARTNERS now owns 4,297,725 shares of the company’s stock valued at $97,391,000 after purchasing an additional 1,017,548 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.