Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Declares Dividend Increase – $0.12 Per Share

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) declared a monthly dividend on Tuesday, December 23rd. Shareholders of record on Wednesday, December 24th will be paid a dividend of 0.1183 per share on Friday, December 26th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Wednesday, December 24th. This is a 38.4% increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09.

Capital Group Core Plus Income ETF Price Performance

Shares of CGCP traded down $0.11 during midday trading on Wednesday, hitting $22.63. The stock had a trading volume of 75,747 shares, compared to its average volume of 1,184,115. Capital Group Core Plus Income ETF has a twelve month low of $21.74 and a twelve month high of $23.00. The company has a 50 day simple moving average of $22.76 and a two-hundred day simple moving average of $22.64. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36.

Institutional Investors Weigh In On Capital Group Core Plus Income ETF

Several hedge funds have recently added to or reduced their stakes in CGCP. Assetmark Inc. bought a new stake in shares of Capital Group Core Plus Income ETF during the second quarter worth approximately $221,000. Aspire Growth Partners LLC acquired a new position in Capital Group Core Plus Income ETF in the 2nd quarter valued at $353,000. Franklin Resources Inc. acquired a new stake in shares of Capital Group Core Plus Income ETF during the second quarter worth $1,083,000. Farther Finance Advisors LLC bought a new stake in shares of Capital Group Core Plus Income ETF in the second quarter valued at about $450,000. Finally, ORG Partners LLC grew its stake in shares of Capital Group Core Plus Income ETF by 491.7% in the second quarter. ORG Partners LLC now owns 13,118 shares of the company’s stock valued at $295,000 after acquiring an additional 10,901 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.