Capital Group Core Equity ETF (NYSEARCA:CGUS) Hits New 52-Week High – What’s Next?

Shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) hit a new 52-week high on Wednesday . The stock traded as high as $35.97 and last traded at $35.96, with a volume of 56146 shares changing hands. The stock had previously closed at $35.73.

Capital Group Core Equity ETF Trading Up 0.8 %

The business has a fifty day moving average price of $34.93 and a two-hundred day moving average price of $33.51. The firm has a market capitalization of $2.98 billion, a PE ratio of 26.52 and a beta of 0.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGUS. Comerica Bank lifted its stake 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 valued at $34,000 after buying an additional 500 shares during the last quarter. Atria Investments Inc purchased a new stake in Capital Group Core Equity ETF in the 3rd quarter valued at $204,000. Hilltop Holdings Inc. purchased a new stake in Capital Group Core Equity ETF in the 3rd quarter valued at $206,000. International Assets Investment Management LLC acquired a new stake in Capital Group Core Equity ETF during the 2nd quarter worth $207,000. Finally, Mark Sheptoff Financial Planning LLC grew its position in Capital Group Core Equity ETF by 5.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 6,469 shares of the company’s stock worth $209,000 after purchasing an additional 329 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.