Summit Investment Advisory Services LLC Has $27.83 Million Holdings in Capital Group Core Equity ETF $CGUS

Summit Investment Advisory Services LLC raised its position in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) by 4.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 703,784 shares of the company’s stock after purchasing an additional 32,736 shares during the quarter. Capital Group Core Equity ETF accounts for about 11.1% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 3rd biggest holding. Summit Investment Advisory Services LLC’s holdings in Capital Group Core Equity ETF were worth $27,828,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Merit Financial Group LLC grew its holdings in shares of Capital Group Core Equity ETF by 1,624.4% during the third quarter. Merit Financial Group LLC now owns 2,107,661 shares of the company’s stock valued at $83,337,000 after buying an additional 1,985,435 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Capital Group Core Equity ETF by 13.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,327,349 shares of the company’s stock worth $381,389,000 after acquiring an additional 1,238,324 shares during the last quarter. Cetera Investment Advisers lifted its position in Capital Group Core Equity ETF by 25.6% in the 2nd quarter. Cetera Investment Advisers now owns 4,826,699 shares of the company’s stock valued at $178,250,000 after acquiring an additional 983,350 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Capital Group Core Equity ETF by 24.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,799,841 shares of the company’s stock valued at $188,737,000 after purchasing an additional 954,616 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Capital Group Core Equity ETF by 8.6% during the 2nd quarter. Raymond James Financial Inc. now owns 5,668,346 shares of the company’s stock valued at $209,332,000 after purchasing an additional 450,094 shares during the last quarter.

Capital Group Core Equity ETF Trading Down 0.0%

Capital Group Core Equity ETF stock opened at $40.40 on Friday. Capital Group Core Equity ETF has a 12 month low of $28.95 and a 12 month high of $41.38. The stock has a fifty day simple moving average of $40.61 and a two-hundred day simple moving average of $39.75. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.1055 dividend. This is a boost from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, December 26th.

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.