Investment Planning Advisors Inc. Increases Position in Capital Group Core Equity ETF $CGUS

Investment Planning Advisors Inc. increased its position in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) by 20.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 788,011 shares of the company’s stock after purchasing an additional 135,636 shares during the period. Capital Group Core Equity ETF accounts for about 10.3% of Investment Planning Advisors Inc.’s investment portfolio, making the stock its 3rd largest holding. Investment Planning Advisors Inc. owned 0.47% of Capital Group Core Equity ETF worth $29,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGUS. Golden State Wealth Management LLC acquired a new position in Capital Group Core Equity ETF in the first quarter worth approximately $29,000. Chilton Capital Management LLC acquired a new position in Capital Group Core Equity ETF in the first quarter worth approximately $31,000. Fifth Third Bancorp acquired a new position in Capital Group Core Equity ETF in the second quarter worth approximately $40,000. IAG Wealth Partners LLC grew its position in Capital Group Core Equity ETF by 514.1% in the first quarter. IAG Wealth Partners LLC now owns 2,180 shares of the company’s stock worth $73,000 after buying an additional 1,825 shares during the last quarter. Finally, First PREMIER Bank acquired a new position in Capital Group Core Equity ETF in the second quarter worth approximately $83,000.

Capital Group Core Equity ETF Stock Performance

Capital Group Core Equity ETF stock opened at $39.86 on Friday. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 26.31 and a beta of 0.92. Capital Group Core Equity ETF has a 1 year low of $28.95 and a 1 year high of $39.93. The firm’s 50 day moving average price is $38.74 and its two-hundred day moving average price is $36.05.

Capital Group Core Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were given a $0.0925 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.37 annualized dividend and a yield of 0.9%.

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.