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

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw unusually-high trading volume on Thursday . Approximately 2,484,489 shares changed hands during mid-day 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 stock has a fifty day moving average of $22.36 and a 200 day moving average of $22.65.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were issued a $0.0859 dividend. 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

A number of large investors have recently added to or reduced their stakes in CGCP. Creative Financial Designs Inc. ADV increased its position in shares of Capital Group Core Plus Income ETF by 49.8% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,774 shares of the company’s stock valued at $41,000 after purchasing an additional 590 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Capital Group Core Plus Income ETF during the 3rd quarter valued at approximately $53,000. Magnolia Capital Advisors LLC bought a new position in shares of Capital Group Core Plus Income ETF during the 2nd quarter valued at approximately $63,000. Olistico Wealth LLC increased its position in shares of Capital Group Core Plus Income ETF by 135.0% during the 3rd 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 bought a new position in shares of Capital Group Core Plus Income ETF during the 3rd quarter valued at approximately $198,000.

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.