Capital Group Core Equity ETF (NYSEARCA:CGUS) Sets New 1-Year High – Time to Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS) shares reached a new 52-week high on Thursday . The company traded as high as $44.62 and last traded at $44.58, with a volume of 144262 shares. The stock had previously closed at $44.36.

Capital Group Core Equity ETF Stock Performance

The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93. The company has a fifty day moving average price of $43.57 and a two-hundred day moving average price of $41.46.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors grew its holdings in Capital Group Core Equity ETF by 17,866.5% in the 3rd quarter. Capital International Investors now owns 5,978,364 shares of the company’s stock valued at $236,385,000 after buying an additional 5,945,089 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Capital Group Core Equity ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 23,734,177 shares of the company’s stock worth $954,826,000 after acquiring an additional 3,824,999 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Capital Group Core Equity ETF by 24.0% during the 3rd quarter. Raymond James Financial Inc. now owns 7,028,681 shares of the company’s stock worth $277,914,000 after acquiring an additional 1,360,335 shares during the period. Wells Fargo & Company MN boosted its position in shares of Capital Group Core Equity ETF by 32.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,278,226 shares of the company’s stock valued at $212,343,000 after acquiring an additional 1,301,252 shares during the last quarter. Finally, Silver Oak Securities Incorporated acquired a new position in shares of Capital Group Core Equity ETF during the 4th quarter valued at about $34,761,000.

About Capital Group Core Equity ETF

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.