Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Unusually-High Trading Volume – Should You Buy?

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw strong trading volume on Tuesday . 2,532,043 shares changed hands during trading, an increase of 220% from the previous session’s volume of 790,525 shares.The stock last traded at $22.54 and had previously closed at $22.58.

Capital Group Core Plus Income ETF Stock Performance

The business has a 50 day moving average price of $22.73 and a 200-day moving average price of $22.64.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were issued a $0.0828 dividend. The ex-dividend date of this dividend was Friday, September 27th.

Institutional Investors Weigh In On Capital Group Core Plus Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. World Investment Advisors LLC grew its holdings in shares of Capital Group Core Plus Income ETF by 141.5% in the 3rd quarter. World Investment Advisors LLC now owns 22,957 shares of the company’s stock worth $531,000 after acquiring an additional 13,450 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of Capital Group Core Plus Income ETF by 351.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 537,970 shares of the company’s stock worth $12,051,000 after acquiring an additional 418,775 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Capital Group Core Plus Income ETF in the 3rd quarter worth approximately $513,000. Tudor Financial Inc. acquired a new stake in Capital Group Core Plus Income ETF during the 3rd quarter valued at $323,000. Finally, Main Line Retirement Advisors LLC grew its holdings in Capital Group Core Plus Income ETF by 5.3% during the 3rd quarter. Main Line Retirement Advisors LLC now owns 861,929 shares of the company’s stock valued at $19,928,000 after buying an additional 43,711 shares during the last quarter.

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.