Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $21.86 and last traded at $21.88, with a volume of 956130 shares trading hands. The stock had previously closed at $21.92.
Capital Group Core Plus Income ETF Trading Down 0.3%
The stock has a market capitalization of $8.37 billion, a PE ratio of 10.69 and a beta of 0.32. The stock has a 50 day moving average price of $22.12 and a 200-day moving average price of $22.34.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Kestra Investment Management LLC boosted its holdings in shares of Capital Group Core Plus Income ETF by 11.0% in the fourth quarter. Kestra Investment Management LLC now owns 1,619,964 shares of the company’s stock worth $36,676,000 after buying an additional 160,802 shares during the last quarter. Harbour Investments Inc. increased its holdings in Capital Group Core Plus Income ETF by 33.8% during the fourth quarter. Harbour Investments Inc. now owns 2,819,563 shares of the company’s stock valued at $63,835,000 after buying an additional 711,803 shares during the last quarter. Evolve Private Wealth LLC purchased a new stake in Capital Group Core Plus Income ETF during the fourth quarter valued at approximately $17,236,000. Midwest Heritage Bank FSB increased its holdings in Capital Group Core Plus Income ETF by 22.4% during the first quarter. Midwest Heritage Bank FSB now owns 1,326,985 shares of the company’s stock valued at $29,645,000 after buying an additional 242,411 shares during the last quarter. Finally, TrueWealth Financial Partners bought a new position in Capital Group Core Plus Income ETF in the fourth quarter worth approximately $1,450,000.
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. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.
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