Capital Group Core Equity ETF $CGUS Stock: IFG Advisory LLC Boosts Stake

IFG Advisory LLC increased its position in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 24.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 167,387 shares of the company’s stock after acquiring an additional 33,326 shares during the quarter. IFG Advisory LLC owned about 0.06% of Capital Group Core Equity ETF worth $7,449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CGUS. Cetera Investment Advisers lifted its stake in shares of Capital Group Core Equity ETF by 6.3% during the 1st quarter. Cetera Investment Advisers now owns 6,314,257 shares of the company’s stock valued at $242,594,000 after buying an additional 373,840 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Capital Group Core Equity ETF by 1.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,494,384 shares of the company’s stock worth $200,000,000 after purchasing an additional 48,270 shares during the period. Royal Bank of Canada grew its holdings in Capital Group Core Equity ETF by 11.2% during the 1st quarter. Royal Bank of Canada now owns 2,510,189 shares of the company’s stock valued at $96,442,000 after buying an additional 251,825 shares in the last quarter. Sei Investments Co. grew its holdings in Capital Group Core Equity ETF by 16.8% during the 1st quarter. Sei Investments Co. now owns 2,346,850 shares of the company’s stock valued at $90,166,000 after buying an additional 336,992 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in Capital Group Core Equity ETF by 3.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,651,212 shares of the company’s stock valued at $73,479,000 after buying an additional 49,812 shares in the last quarter.

Capital Group Core Equity ETF Price Performance

Shares of CGUS traded down $0.21 during midday trading on Friday, hitting $44.14. 922,961 shares of the company traded hands, compared to its average volume of 1,113,078. The stock has a 50-day moving average of $44.62 and a 200-day moving average of $43.14. Capital Group Core Equity ETF has a one year low of $37.19 and a one year high of $46.80. The firm has a market cap of $12.20 billion, a P/E ratio of 24.79 and a beta of 0.93.

Capital Group Core Equity ETF Increases Dividend

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

About Capital Group Core Equity ETF

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.