Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Strong Trading Volume – Time to Buy?

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) shares saw unusually-strong trading volume on Friday . Approximately 1,013,981 shares traded hands during mid-day trading, an increase of 35% from the previous session’s volume of 748,954 shares.The stock last traded at $22.19 and had previously closed at $22.20.

Capital Group Core Plus Income ETF Price Performance

The stock’s 50 day moving average price is $22.45 and its 200 day moving average price is $22.67.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, December 2nd. Shareholders 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 a boost from Capital Group Core Plus Income ETF’s previous dividend of $0.08.

Institutional Trading of Capital Group Core Plus Income ETF

Several hedge funds have recently modified their holdings of the stock. ICA Group Wealth Management LLC increased its position in Capital Group Core Plus Income ETF by 160,000.0% in the 2nd quarter. ICA Group Wealth Management LLC now owns 1,601 shares of the company’s stock valued at $36,000 after buying an additional 1,600 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of 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 valued at $41,000 after acquiring an additional 590 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Capital Group Core Plus Income ETF during the third quarter worth approximately $53,000. Magnolia Capital Advisors LLC acquired a new position in shares of Capital Group Core Plus Income ETF during the second quarter worth approximately $63,000. Finally, Olistico Wealth LLC lifted its holdings in shares of Capital Group Core Plus Income ETF by 135.0% in the 3rd quarter. Olistico Wealth LLC now owns 4,538 shares of the company’s stock worth $105,000 after purchasing an additional 2,607 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.