Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Strong Trading Volume

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw unusually-high trading volume on Thursday . Approximately 3,025,094 shares were traded during mid-day trading, an increase of 406% from the previous session’s volume of 597,355 shares.The stock last traded at $22.30 and had previously closed at $22.33.

Capital Group Core Plus Income ETF Stock Performance

The firm’s 50-day simple moving average is $22.20 and its 200-day simple moving average is $22.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors lifted its stake in Capital Group Core Plus Income ETF by 141.2% during the first quarter. Capital International Investors now owns 4,365,332 shares of the company’s stock worth $98,045,000 after purchasing an additional 2,555,581 shares during the last quarter. Johnson Bixby & Associates LLC lifted its position in Capital Group Core Plus Income ETF by 13.9% in the 1st quarter. Johnson Bixby & Associates LLC now owns 3,325,039 shares of the company’s stock worth $74,680,000 after buying an additional 404,967 shares during the last quarter. Cetera Investment Advisers boosted its stake in Capital Group Core Plus Income ETF by 895.0% in the first quarter. Cetera Investment Advisers now owns 2,551,928 shares of the company’s stock worth $57,316,000 after buying an additional 2,295,444 shares in the last quarter. WNY Asset Management LLC grew its position in Capital Group Core Plus Income ETF by 15.6% during the first quarter. WNY Asset Management LLC now owns 2,488,083 shares of the company’s stock valued at $55,882,000 after acquiring an additional 335,363 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Capital Group Core Plus Income ETF by 63.3% during the fourth quarter. UBS Group AG now owns 2,307,394 shares of the company’s stock worth $52,366,000 after acquiring an additional 894,321 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.