Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Reaches New 12-Month Low – Time to Sell?

Capital Group Core Plus Income ETF (NYSEARCA:CGCP)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $21.59 and last traded at $21.64, with a volume of 5845186 shares changing hands. The stock had previously closed at $21.65.

Capital Group Core Plus Income ETF Trading Up 0.0%

The firm has a market cap of $8.28 billion, a PE ratio of 10.69 and a beta of 0.32. The company has a 50-day simple moving average of $21.99 and a 200 day simple moving average of $22.25.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were paid a $0.1074 dividend. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.0%. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08.

Institutional Trading of Capital Group Core Plus Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Analysts LLC raised its position in shares of Capital Group Core Plus Income ETF by 34.7% in the second quarter. Capital Analysts LLC now owns 267,958 shares of the company’s stock worth $5,973,000 after acquiring an additional 68,970 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Capital Group Core Plus Income ETF by 16.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 34,374 shares of the company’s stock valued at $766,000 after purchasing an additional 4,848 shares in the last quarter. RFG Advisory LLC raised its holdings in Capital Group Core Plus Income ETF by 13.7% in the 2nd quarter. RFG Advisory LLC now owns 46,047 shares of the company’s stock worth $1,026,000 after purchasing an additional 5,540 shares during the period. NewEdge Advisors LLC raised its holdings in Capital Group Core Plus Income ETF by 21.3% in the 2nd quarter. NewEdge Advisors LLC now owns 485,321 shares of the company’s stock worth $10,818,000 after purchasing an additional 85,153 shares during the period. Finally, IFP Advisors Inc boosted its position in Capital Group Core Plus Income ETF by 3.8% during the second quarter. IFP Advisors Inc now owns 149,983 shares of the company’s stock worth $3,343,000 after purchasing an additional 5,553 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.