Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 52-Week High – Time to Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS) reached a new 52-week high on Wednesday . The stock traded as high as $39.59 and last traded at $39.51, with a volume of 987581 shares. The stock had previously closed at $39.54.

Capital Group Core Equity ETF Stock Performance

The stock has a fifty day simple moving average of $38.31 and a two-hundred day simple moving average of $35.61. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 30th were given a dividend of $0.0971 per share. This represents a $0.39 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, June 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its holdings in shares of Capital Group Core Equity ETF by 60.8% in the first quarter. LPL Financial LLC now owns 14,836,962 shares of the company’s stock worth $495,555,000 after acquiring an additional 5,611,806 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Capital Group Core Equity ETF by 13.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,327,349 shares of the company’s stock worth $381,389,000 after purchasing an additional 1,238,324 shares in the last quarter. Raymond James Financial Inc. increased its position in Capital Group Core Equity ETF by 8.6% during the 2nd quarter. Raymond James Financial Inc. now owns 5,668,346 shares of the company’s stock worth $209,332,000 after purchasing an additional 450,094 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Capital Group Core Equity ETF by 176.1% in the first quarter. Jones Financial Companies Lllp now owns 4,833,131 shares of the company’s stock valued at $169,514,000 after buying an additional 3,082,374 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Capital Group Core Equity ETF by 25.6% in the second quarter. Cetera Investment Advisers now owns 4,826,699 shares of the company’s stock valued at $178,250,000 after buying an additional 983,350 shares in the last quarter.

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.