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

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $35.97 and last traded at $35.96, with a volume of 56146 shares. The stock had previously closed at $35.73.

Capital Group Core Equity ETF Price Performance

The business has a 50 day moving average price of $35.00 and a 200 day moving average price of $33.55. The stock has a market capitalization of $2.96 billion, a PE ratio of 26.52 and a beta of 0.96.

Institutional Trading of Capital Group Core Equity ETF

A number of institutional investors have recently made changes to their positions in the stock. Comerica Bank raised its position in Capital Group Core Equity ETF by 83.3% in the first quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $34,000 after acquiring an additional 500 shares during the period. Atria Investments Inc bought a new stake in Capital Group Core Equity ETF during the 3rd quarter valued at approximately $204,000. Hilltop Holdings Inc. purchased a new position in Capital Group Core Equity ETF in the 3rd quarter worth approximately $206,000. International Assets Investment Management LLC purchased a new stake in Capital Group Core Equity ETF during the 2nd quarter valued at approximately $207,000. Finally, Mark Sheptoff Financial Planning LLC raised its position in shares of Capital Group Core Equity ETF by 5.4% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 6,469 shares of the company’s stock valued at $209,000 after buying an additional 329 shares during 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.