Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Large Volume Increase – Still a Buy?

Shares of Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw strong trading volume on Thursday . 2,484,489 shares changed hands during trading, an increase of 98% from the previous session’s volume of 1,256,669 shares.The stock last traded at $22.21 and had previously closed at $22.16.

Capital Group Core Plus Income ETF Stock Up 0.2 %

The business’s 50 day moving average is $22.38 and its 200 day moving average is $22.65.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were given 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV raised its position in 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 acquired a new position in shares of Capital Group Core Plus Income ETF during the 3rd quarter worth approximately $53,000. Magnolia Capital Advisors LLC purchased a new stake in shares of Capital Group Core Plus Income ETF in the second quarter valued at approximately $63,000. Olistico Wealth LLC increased its holdings in shares of Capital Group Core Plus Income ETF by 135.0% in the third 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 during the last quarter. Finally, Hexagon Capital Partners LLC purchased a new position in Capital Group Core Plus Income ETF during the third quarter worth approximately $198,000.

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.