Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Unusually-High Trading Volume – Should You Buy?

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw strong trading volume on Friday . 1,013,981 shares traded hands during trading, an increase of 35% from the previous session’s volume of 748,954 shares.The stock last traded at $22.19 and had previously closed at $22.20.

Capital Group Core Plus Income ETF Stock Performance

The business has a 50-day simple moving average of $22.44 and a two-hundred day simple moving average of $22.67.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were issued a dividend of $0.0859 per share. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from Capital Group Core Plus Income ETF’s previous dividend of $0.08.

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

Several institutional investors have recently bought and sold shares of the company. ICA Group Wealth Management LLC lifted its stake in shares of Capital Group Core Plus Income ETF by 160,000.0% in the 2nd quarter. ICA Group Wealth Management LLC now owns 1,601 shares of the company’s stock worth $36,000 after acquiring an additional 1,600 shares during the period. Creative Financial Designs Inc. ADV increased its stake 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 acquiring an additional 590 shares during the period. Transcendent Capital Group LLC purchased a new position in Capital Group Core Plus Income ETF during the third quarter worth about $53,000. Magnolia Capital Advisors LLC acquired a new stake in Capital Group Core Plus Income ETF in the second quarter valued at about $63,000. Finally, Olistico Wealth LLC boosted its holdings in Capital Group Core Plus Income ETF by 135.0% in the 3rd quarter. Olistico Wealth LLC now owns 4,538 shares of the company’s stock valued at $105,000 after purchasing an additional 2,607 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.