Capital Group Core Equity ETF $CGUS Position Lifted by IFP Advisors Inc

IFP Advisors Inc lifted its stake in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 2.9% in the 3rd quarter, Holdings Channel reports. The firm owned 451,590 shares of the company’s stock after purchasing an additional 12,565 shares during the quarter. IFP Advisors Inc’s holdings in Capital Group Core Equity ETF were worth $20,096,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MCF Advisors LLC purchased a new position in Capital Group Core Equity ETF in the second quarter valued at about $37,000. CoreCap Advisors LLC boosted its stake in shares of Capital Group Core Equity ETF by 38.8% during the 2nd quarter. CoreCap Advisors LLC now owns 1,530 shares of the company’s stock worth $68,000 after acquiring an additional 428 shares in the last quarter. Bayban purchased a new stake in shares of Capital Group Core Equity ETF during the 1st quarter worth approximately $61,000. Gradient Investments LLC purchased a new stake in shares of Capital Group Core Equity ETF during the 3rd quarter worth approximately $212,000. Finally, CFS Investment Advisory Services LLC purchased a new stake in shares of Capital Group Core Equity ETF during the 1st quarter worth approximately $207,000.

Capital Group Core Equity ETF Price Performance

CGUS opened at $44.59 on Friday. The stock has a market cap of $12.09 billion, a P/E ratio of 26.31 and a beta of 0.93. The stock’s 50 day simple moving average is $45.06 and its 200 day simple moving average is $43.85. Capital Group Core Equity ETF has a 1-year low of $37.19 and a 1-year high of $46.80.

Capital Group Core Equity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a dividend of $0.0901 per share. The ex-dividend date was Wednesday, September 30th. This is a positive change from Capital Group Core Equity ETF’s previous quarterly dividend of $0.0833. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%.

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.