Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sets New 12-Month Low – Should You Sell?

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) shares reached a new 52-week low on Wednesday . The stock traded as low as $21.81 and last traded at $21.84, with a volume of 489011 shares traded. The stock had previously closed at $22.03.

Capital Group Core Plus Income ETF Stock Down 0.1 %

The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 10.94 and a beta of 0.37. The stock’s 50-day simple moving average is $22.40 and its 200 day simple moving average is $22.46.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were given a $0.0921 dividend. This is a positive change from Capital Group Core Plus Income ETF’s previous dividend of $0.08. The ex-dividend date was Friday, March 28th.

Institutional Investors Weigh In On Capital Group Core Plus Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Capital International Investors raised its position in shares of Capital Group Core Plus Income ETF by 22.9% during the 4th quarter. Capital International Investors now owns 13,561,469 shares of the company’s stock valued at $301,065,000 after acquiring an additional 2,522,846 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Capital Group Core Plus Income ETF by 25.4% during the 4th quarter. Wells Fargo & Company MN now owns 10,414,720 shares of the company’s stock worth $231,207,000 after buying an additional 2,111,261 shares during the period. LPL Financial LLC raised its position in shares of Capital Group Core Plus Income ETF by 55.2% in the 4th quarter. LPL Financial LLC now owns 8,521,216 shares of the company’s stock valued at $189,171,000 after acquiring an additional 3,030,805 shares during the period. Envestnet Asset Management Inc. boosted its stake in Capital Group Core Plus Income ETF by 15.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,494,352 shares of the company’s stock worth $99,775,000 after acquiring an additional 606,369 shares during the last quarter. Finally, Johnson Bixby & Associates LLC grew its holdings in Capital Group Core Plus Income ETF by 8.3% during the fourth quarter. Johnson Bixby & Associates LLC now owns 4,402,179 shares of the company’s stock valued at $97,728,000 after purchasing an additional 337,128 shares during the period.

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.