Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Declares Monthly Dividend of $0.12

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) announced a monthly dividend on Tuesday, December 23rd. Shareholders of record on Wednesday, December 24th will be paid a dividend of 0.1183 per share on Friday, December 26th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Wednesday, December 24th. This is a 38.4% increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09.

Capital Group Core Plus Income ETF Stock Performance

CGCP stock traded down $0.10 during trading on Wednesday, reaching $22.64. 133,323 shares of the company traded hands, compared to its average volume of 1,184,392. The business has a 50 day simple moving average of $22.76 and a 200 day simple moving average of $22.64. Capital Group Core Plus Income ETF has a 12 month low of $21.74 and a 12 month high of $23.00. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36.

Institutional Investors Weigh In On Capital Group Core Plus Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in CGCP. Assetmark Inc. acquired a new stake in shares of Capital Group Core Plus Income ETF in the second quarter worth approximately $221,000. Aspire Growth Partners LLC acquired a new position in Capital Group Core Plus Income ETF in the 2nd quarter valued at $353,000. Franklin Resources Inc. purchased a new position in Capital Group Core Plus Income ETF in the 2nd quarter valued at $1,083,000. Farther Finance Advisors LLC acquired a new stake in Capital Group Core Plus Income ETF during the 2nd quarter worth $450,000. Finally, ORG Partners LLC grew its holdings in shares of Capital Group Core Plus Income ETF by 491.7% during the second quarter. ORG Partners LLC now owns 13,118 shares of the company’s stock worth $295,000 after buying an additional 10,901 shares in the last quarter.

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.