Kingsview Wealth Management LLC Cuts Stock Position in Capital Group Core Equity ETF $CGUS

Kingsview Wealth Management LLC trimmed its position in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 68.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,026 shares of the company’s stock after selling 172,531 shares during the period. Kingsview Wealth Management LLC’s holdings in Capital Group Core Equity ETF were worth $3,204,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. lifted its stake in shares of Capital Group Core Equity ETF by 234.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 642 shares of the company’s stock worth $25,000 after acquiring an additional 450 shares during the period. Huntington National Bank acquired a new position in shares of Capital Group Core Equity ETF during the third quarter worth about $50,000. Hazlett Burt & Watson Inc. raised its holdings in Capital Group Core Equity ETF by 28.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,285 shares of the company’s stock worth $51,000 after purchasing an additional 285 shares in the last quarter. Financial Perspectives Inc raised its holdings in Capital Group Core Equity ETF by 43.3% during the third quarter. Financial Perspectives Inc now owns 2,209 shares of the company’s stock worth $87,000 after purchasing an additional 668 shares in the last quarter. Finally, IAG Wealth Partners LLC lifted its position in Capital Group Core Equity ETF by 14.9% in the second quarter. IAG Wealth Partners LLC now owns 2,505 shares of the company’s stock valued at $93,000 after purchasing an additional 325 shares during the period.

Capital Group Core Equity ETF Trading Up 0.6%

NYSEARCA CGUS opened at $40.56 on Thursday. The business’s 50 day moving average is $40.75 and its two-hundred day moving average is $39.99. Capital Group Core Equity ETF has a 12-month low of $28.95 and a 12-month high of $41.38. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a dividend of $0.1055 per share. This is a boost from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09. This represents a $0.42 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, December 26th.

Capital Group Core Equity ETF Profile

The Capital Group Core Equity ETF (CGUS) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in companies believed to have the potential for appreciation and\u002For dividends. CGUS was launched on Feb 22, 2022 and is managed by Capital Group.