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

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $45.05 and last traded at $45.03, with a volume of 44635 shares traded. The stock had previously closed at $44.69.

Capital Group Core Equity ETF Stock Up 1.6%

The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93. The company’s 50-day moving average price is $44.12 and its 200-day moving average price is $42.07.

Institutional Investors Weigh In On Capital Group Core Equity ETF

Several large investors have recently added to or reduced their stakes in the business. Souders Financial Advisors grew its stake in Capital Group Core Equity ETF by 4.1% during the 4th quarter. Souders Financial Advisors now owns 966,539 shares of the company’s stock worth $38,884,000 after purchasing an additional 38,084 shares in the last quarter. BIP Wealth LLC increased its holdings in Capital Group Core Equity ETF by 12,313.5% during the 4th quarter. BIP Wealth LLC now owns 659,775 shares of the company’s stock worth $26,543,000 after purchasing an additional 654,460 shares during the period. Ergawealth Advisors Inc. raised its position in Capital Group Core Equity ETF by 138.4% in the 4th quarter. Ergawealth Advisors Inc. now owns 394,724 shares of the company’s stock valued at $15,880,000 after purchasing an additional 229,170 shares in the last quarter. Assetmark Inc. raised its position in Capital Group Core Equity ETF by 22.5% in the 4th quarter. Assetmark Inc. now owns 1,170,140 shares of the company’s stock valued at $47,075,000 after purchasing an additional 215,111 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its stake in shares of Capital Group Core Equity ETF by 39.1% in the 4th quarter. Valmark Advisers Inc. now owns 664,992 shares of the company’s stock valued at $26,753,000 after buying an additional 186,768 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.