Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Shares Cross Above Fifty Day Moving Average – What’s Next?

Capital Group Core Plus Income ETF (NYSEARCA:CGCP)’s share price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $21.59 and traded as high as $21.65. Capital Group Core Plus Income ETF shares last traded at $21.60, with a volume of 1,768,459 shares.

Capital Group Core Plus Income ETF Stock Up 0.3%

The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. The stock’s fifty day moving average is $21.59 and its 200-day moving average is $22.20.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a $0.0925 dividend. This represents a $1.11 annualized dividend and a yield of 5.1%. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0868. The ex-dividend date was Tuesday, September 29th.

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. WNY Asset Management LLC bought a new stake in shares of Capital Group Core Plus Income ETF in the 1st quarter valued at $94,023,000. Bernardo Wealth Planning LLC lifted its holdings in Capital Group Core Plus Income ETF by 104.1% during the third quarter. Bernardo Wealth Planning LLC now owns 2,531,520 shares of the company’s stock worth $53,592,000 after acquiring an additional 1,291,232 shares in the last quarter. D.A. Davidson & CO. bought a new position in Capital Group Core Plus Income ETF during the third quarter worth about $23,316,000. Valmark Advisers Inc. lifted its holdings in Capital Group Core Plus Income ETF by 99.0% during the first quarter. Valmark Advisers Inc. now owns 2,084,059 shares of the company’s stock worth $46,558,000 after acquiring an additional 1,036,587 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Capital Group Core Plus Income ETF by 7.7% in the second quarter. Envestnet Asset Management Inc. now owns 12,369,670 shares of the company’s stock valued at $275,720,000 after acquiring an additional 884,794 shares during the period.

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. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.