Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 1-Year High – Still a Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s share price reached a new 52-week high on Thursday . The stock traded as high as $44.11 and last traded at $44.07, with a volume of 170387 shares. The stock had previously closed at $43.93.

Capital Group Core Equity ETF Price Performance

The firm has a 50-day simple moving average of $41.31 and a two-hundred day simple moving average of $40.71. The company has a market cap of $10.60 billion, a PE ratio of 26.31 and a beta of 0.94.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Several hedge funds have recently bought and sold shares of CGUS. Pflug Koory LLC purchased a new position in Capital Group Core Equity ETF during the fourth quarter worth $25,000. First Horizon Corp purchased a new position in Capital Group Core Equity ETF during the fourth quarter worth $32,000. CoreCap Advisors LLC increased its position in Capital Group Core Equity ETF by 41.0% during the fourth quarter. CoreCap Advisors LLC now owns 1,101 shares of the company’s stock worth $44,000 after buying an additional 320 shares in the last quarter. Huntington National Bank purchased a new stake in shares of Capital Group Core Equity ETF in the third quarter valued at $50,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of Capital Group Core Equity ETF by 28.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,285 shares of the company’s stock valued at $51,000 after purchasing an additional 285 shares during the period.

Capital Group Core Equity ETF Company 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.