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) passed above its fifty day moving average during trading on Thursday. The stock has a fifty 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 traded.

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 business has a 50-day moving average of $21.59 and a 200-day moving average of $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 given a $0.0925 dividend. This represents a $1.11 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, September 29th. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0868.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CGCP. Signature Equity Partners LLC bought a new position in Capital Group Core Plus Income ETF during the third quarter worth about $764,000. Security Financial Services INC. grew its stake in shares of Capital Group Core Plus Income ETF by 4.5% in the 3rd quarter. Security Financial Services INC. now owns 31,969 shares of the company’s stock valued at $677,000 after purchasing an additional 1,364 shares during the period. MGO One Seven LLC raised its holdings in shares of Capital Group Core Plus Income ETF by 25.2% in the 3rd quarter. MGO One Seven LLC now owns 15,621 shares of the company’s stock worth $331,000 after buying an additional 3,143 shares in the last quarter. Greatmark Investment Partners Inc. raised its holdings in shares of Capital Group Core Plus Income ETF by 0.6% in the 3rd quarter. Greatmark Investment Partners Inc. now owns 143,010 shares of the company’s stock worth $3,028,000 after buying an additional 886 shares in the last quarter. Finally, Modera Wealth Management LLC acquired a new position in shares of Capital Group Core Plus Income ETF in the 3rd quarter worth approximately $3,919,000.

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.