Capital Group Core Equity ETF (NYSEARCA:CGUS) Hits New 12-Month High – Here’s What Happened

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $43.37 and last traded at $43.23, with a volume of 972851 shares trading hands. The stock had previously closed at $43.14.

Capital Group Core Equity ETF Price Performance

The firm has a 50-day moving average price of $40.58 and a 200 day moving average price of $40.47. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 26.31 and a beta of 0.94.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. grew its position in shares of Capital Group Core Equity ETF by 16.8% in the first quarter. Sei Investments Co. now owns 2,346,850 shares of the company’s stock valued at $90,166,000 after purchasing an additional 336,992 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Capital Group Core Equity ETF by 6.3% in the first quarter. Cetera Investment Advisers now owns 6,314,257 shares of the company’s stock valued at $242,594,000 after purchasing an additional 373,840 shares during the last quarter. Florida Financial Advisors LLC grew its position in shares of Capital Group Core Equity ETF by 62.8% in the first quarter. Florida Financial Advisors LLC now owns 12,674 shares of the company’s stock valued at $487,000 after purchasing an additional 4,890 shares during the last quarter. World Equity Group Inc. grew its position in shares of Capital Group Core Equity ETF by 100.0% in the first quarter. World Equity Group Inc. now owns 10,848 shares of the company’s stock valued at $417,000 after purchasing an additional 5,424 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Capital Group Core Equity ETF by 13.1% in the first quarter. Assetmark Inc. now owns 1,323,220 shares of the company’s stock valued at $50,838,000 after purchasing an additional 153,080 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.