Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 188,249 shares, a drop of 40.6% from the August 15th total of 316,785 shares. Based on an average daily trading volume, of 1,489,554 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.
Hedge Funds Weigh In On Capital Group Core Plus Income ETF
Several institutional investors and hedge funds have recently bought and sold shares of CGCP. Capital Analysts LLC raised its stake in shares of Capital Group Core Plus Income ETF by 34.7% in the second quarter. Capital Analysts LLC now owns 267,958 shares of the company’s stock valued at $5,973,000 after buying an additional 68,970 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Capital Group Core Plus Income ETF by 16.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 34,374 shares of the company’s stock worth $766,000 after acquiring an additional 4,848 shares during the period. RFG Advisory LLC grew its stake in shares of Capital Group Core Plus Income ETF by 13.7% during the 2nd quarter. RFG Advisory LLC now owns 46,047 shares of the company’s stock worth $1,026,000 after acquiring an additional 5,540 shares during the period. NewEdge Advisors LLC grew its stake in shares of Capital Group Core Plus Income ETF by 21.3% during the 2nd quarter. NewEdge Advisors LLC now owns 485,321 shares of the company’s stock worth $10,818,000 after acquiring an additional 85,153 shares during the period. Finally, IFP Advisors Inc increased its holdings in Capital Group Core Plus Income ETF by 3.8% in the 2nd quarter. IFP Advisors Inc now owns 149,983 shares of the company’s stock worth $3,343,000 after acquiring an additional 5,553 shares during the last quarter.
Capital Group Core Plus Income ETF Stock Performance
CGCP traded up $0.11 during midday trading on Thursday, reaching $21.73. The company had a trading volume of 1,467,951 shares, compared to its average volume of 1,615,274. Capital Group Core Plus Income ETF has a 12-month low of $21.59 and a 12-month high of $23.00. The business has a 50-day moving average price of $21.99 and a two-hundred day moving average price of $22.25. The stock has a market cap of $8.32 billion, a PE ratio of 10.69 and a beta of 0.32.
Capital Group Core Plus Income ETF Increases Dividend
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.
See Also
- Five stocks we like better than Capital Group Core Plus Income ETF
- Aeluma’s Selloff Could Be Setting Up Its Next Big Move
- Crypto Bill Stalls, Smart Money Calls: Time to Buy the Dip?
- The September Scramble: Find Sanctuary in These 3 Defensive Dividend Stocks
- The Fed’s Rate Hike Could Backfire If Oil Prices Collapse
Receive News & Ratings for Capital Group Core Plus Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Core Plus Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
