Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Hits New 12-Month High – What’s Next?

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

Capital Group Core Plus Income ETF Trading Up 0.5 %

The company has a fifty day simple moving average of $22.25 and a two-hundred day simple moving average of $22.61.

Capital Group Core Plus Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CGCP. Brookstone Capital Management acquired a new stake in shares of Capital Group Core Plus Income ETF during the 4th quarter worth about $538,000. Principal Securities Inc. grew its position in shares of Capital Group Core Plus Income ETF by 33.8% in the fourth quarter. Principal Securities Inc. now owns 37,626 shares of the company’s stock valued at $835,000 after purchasing an additional 9,499 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of Capital Group Core Plus Income ETF by 13.4% during the fourth quarter. DAVENPORT & Co LLC now owns 101,557 shares of the company’s stock worth $2,255,000 after purchasing an additional 12,007 shares during the period. CWS Financial Advisors LLC grew its stake in shares of Capital Group Core Plus Income ETF by 16.5% in the third quarter. CWS Financial Advisors LLC now owns 23,026 shares of the company’s stock valued at $532,000 after acquiring an additional 3,264 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in Capital Group Core Plus Income ETF by 19.7% during the third quarter. Stifel Financial Corp now owns 1,535,181 shares of the company’s stock worth $35,493,000 after buying an additional 252,242 shares in the last quarter.

Capital Group Core Plus Income ETF Company Profile

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.