Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 1-Year High – Here’s What Happened

Capital Group Core Equity ETF (NYSEARCA:CGUS) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $35.84 and last traded at $35.82, with a volume of 47326 shares trading hands. The stock had previously closed at $35.68.

Capital Group Core Equity ETF Stock Performance

The company has a 50 day moving average price of $34.77 and a 200 day moving average price of $33.37. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 26.52 and a beta of 0.96.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Large investors have recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of Capital Group Core Equity ETF by 35.7% in the 3rd quarter. LPL Financial LLC now owns 6,668,760 shares of the company’s stock worth $228,605,000 after acquiring an additional 1,755,050 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Capital Group Core Equity ETF by 28.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,892,224 shares of the company’s stock worth $190,024,000 after purchasing an additional 1,311,729 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Capital Group Core Equity ETF by 18.2% in the third 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. Northwestern Mutual Wealth Management Co. boosted its position in shares of Capital Group Core Equity ETF by 12.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,474,494 shares of the company’s stock valued at $79,803,000 after buying an additional 270,168 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Capital Group Core Equity ETF by 13.2% during the third quarter. Commonwealth Equity Services LLC now owns 2,345,215 shares of the company’s stock worth $80,394,000 after buying an additional 272,969 shares in the last quarter.

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.