Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Get Free Report) announced a monthly dividend on Monday, September 28th. Investors of record on Tuesday, September 29th will be paid a dividend of $0.0925 per share on Wednesday, September 30th. This represents a $1.11 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Tuesday, September 29th. This is a 6.6% increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0868.
Capital Group Core Plus Income ETF Price Performance
Shares of NYSEARCA CGCP opened at $21.32 on Tuesday. Capital Group Core Plus Income ETF has a fifty-two week low of $21.27 and a fifty-two week high of $23.00. The stock has a market capitalization of $8.37 billion, a PE ratio of 10.69 and a beta of 0.32. The business has a fifty day moving average price of $21.89 and a two-hundred day moving average price of $22.19.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. CX Institutional bought a new position in Capital Group Core Plus Income ETF in the second quarter valued at about $35,000. Bessemer Group Inc. bought a new position in Capital Group Core Plus Income ETF in the 1st quarter valued at approximately $45,000. Clearstead Advisors LLC bought a new position in Capital Group Core Plus Income ETF in the 4th quarter valued at approximately $58,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Capital Group Core Plus Income ETF in the fourth quarter valued at approximately $84,000. Finally, Trust Co. of Vermont acquired a new position in shares of Capital Group Core Plus Income ETF during the second quarter worth $110,000.
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.
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