Capital Group Core Equity ETF (NYSEARCA:CGUS) Hits New 1-Year High – Should You Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS) hit a new 52-week high during trading on Wednesday . The stock 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 Up 0.3 %

The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 26.52 and a beta of 0.96. The company has a 50 day simple moving average of $34.12 and a 200 day simple moving average of $32.77.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its holdings in shares of Capital Group Core Equity ETF by 196.8% during the first quarter. Cetera Investment Advisers now owns 2,183,823 shares of the company’s stock worth $68,048,000 after purchasing an additional 1,448,154 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of 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 worth $190,024,000 after purchasing an additional 1,311,729 shares during the last quarter. LPL Financial LLC grew its holdings in shares of 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 worth $158,467,000 after purchasing an additional 883,726 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Capital Group Core Equity ETF during the second quarter worth about $24,364,000. Finally, Raymond James & Associates grew its holdings in shares of Capital Group Core Equity ETF by 43.5% during the second quarter. Raymond James & Associates now owns 2,210,484 shares of the company’s stock worth $71,288,000 after purchasing an additional 670,052 shares during 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.