Concurrent Investment Advisors LLC Acquires 41,488 Shares of Capital Group Core Equity ETF $CGUS

Concurrent Investment Advisors LLC raised its stake in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) by 7.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 600,703 shares of the company’s stock after purchasing an additional 41,488 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.23% of Capital Group Core Equity ETF worth $18,562,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cim LLC raised its holdings in shares of Capital Group Core Equity ETF by 2.3% in the third quarter. Cim LLC now owns 11,444 shares of the company’s stock valued at $452,000 after purchasing an additional 262 shares during the last quarter. Arax Advisory Partners boosted its holdings in Capital Group Core Equity ETF by 5.0% during the fourth quarter. Arax Advisory Partners now owns 5,919 shares of the company’s stock worth $238,000 after purchasing an additional 283 shares during the last quarter. Mascagni Wealth Management Inc. grew its position in Capital Group Core Equity ETF by 4.1% in the 1st quarter. Mascagni Wealth Management Inc. now owns 7,931 shares of the company’s stock worth $305,000 after purchasing an additional 313 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Capital Group Core Equity ETF by 7.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,336 shares of the company’s stock worth $215,000 after purchasing an additional 360 shares in the last quarter. Finally, RFG Advisory LLC increased its stake in Capital Group Core Equity ETF by 0.9% in the 4th quarter. RFG Advisory LLC now owns 46,384 shares of the company’s stock valued at $1,866,000 after buying an additional 395 shares during the last quarter.

Capital Group Core Equity ETF Stock Up 0.7%

Capital Group Core Equity ETF stock opened at $45.21 on Friday. Capital Group Core Equity ETF has a 52 week low of $37.19 and a 52 week high of $46.80. The company’s 50 day moving average price is $44.86 and its two-hundred day moving average price is $42.80. The stock has a market cap of $11.59 billion, a P/E ratio of 26.31 and a beta of 0.93.

Capital Group Core Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were given a dividend of $0.0833 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th.

Capital Group Core Equity ETF 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.