Capital Group Core Equity ETF (NYSEARCA:CGUS) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $43.04 and traded as low as $42.88. Capital Group Core Equity ETF shares last traded at $42.92, with a volume of 1,502,668 shares changing hands.

Capital Group Core Equity ETF Price Performance

The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93. The stock has a fifty day simple moving average of $44.69 and a 200-day simple moving average of $43.05.

Capital Group Core Equity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.0901 per share. This is a positive change from Capital Group Core Equity ETF’s previous quarterly dividend of $0.0833. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Several large investors have recently made changes to their positions in the company. MCF Advisors LLC acquired a new stake in Capital Group Core Equity ETF during the second quarter valued at $37,000. Provenance Wealth Advisors LLC acquired a new position in shares of Capital Group Core Equity ETF in the third quarter worth about $50,000. CoreCap Advisors LLC raised its position in shares of Capital Group Core Equity ETF by 38.8% in the second quarter. CoreCap Advisors LLC now owns 1,530 shares of the company’s stock worth $68,000 after acquiring an additional 428 shares during the period. North Star Investment Management Corp. boosted its stake in shares of Capital Group Core Equity ETF by 400.0% during the 3rd quarter. North Star Investment Management Corp. now owns 1,750 shares of the company’s stock worth $78,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Cora Capital Advisors LLC purchased a new stake in shares of Capital Group Core Equity ETF during the 3rd quarter worth about $201,000.

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.