Capital Group Core Equity ETF (NYSEARCA:CGUS) Hits New 52-Week High – Here’s Why

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s share price reached a new 52-week high on Wednesday . The company traded as high as $35.07 and last traded at $35.03, with a volume of 10367 shares. The stock had previously closed at $34.39.

Capital Group Core Equity ETF Stock Performance

The firm has a market capitalization of $2.91 billion, a PE ratio of 26.52 and a beta of 0.96. The company’s 50 day simple moving average is $34.04 and its 200-day simple moving average is $32.73.

Hedge Funds Weigh In On Capital Group Core Equity ETF

A number of institutional investors have recently made changes to their positions in CGUS. Envestnet Asset Management Inc. raised its position in Capital Group Core Equity ETF by 28.6% during the second quarter. Envestnet Asset Management Inc. now owns 5,892,224 shares of the company’s stock valued at $190,024,000 after purchasing an additional 1,311,729 shares in the last quarter. LPL Financial LLC grew its position in Capital Group Core Equity ETF by 21.9% during the second quarter. LPL Financial LLC now owns 4,913,710 shares of the company’s stock valued at $158,467,000 after acquiring an additional 883,726 shares during the last quarter. Capital Group Private Client Services Inc. raised its stake in shares of Capital Group Core Equity ETF by 3.2% during the first quarter. Capital Group Private Client Services Inc. now owns 3,316,695 shares of the company’s stock worth $103,348,000 after acquiring an additional 103,049 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Capital Group Core Equity ETF by 18.2% in the 3rd quarter. Raymond James & Associates now owns 2,611,991 shares of the company’s stock valued at $89,539,000 after purchasing an additional 401,507 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Capital Group Core Equity ETF by 12.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,474,494 shares of the company’s stock worth $79,803,000 after purchasing an additional 270,168 shares during the period.

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.