Capital Group Core Equity ETF (NYSEARCA:CGUS) Sees Unusually-High Trading Volume – Should You Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS) saw an uptick in trading volume on Tuesday . 1,009,894 shares changed hands during mid-day trading, an increase of 23% from the previous session’s volume of 819,609 shares.The stock last traded at $32.29 and had previously closed at $32.18.

Capital Group Core Equity ETF Stock Performance

The company’s fifty day moving average is $34.07 and its two-hundred day moving average is $34.82. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 25.72 and a beta of 0.93.

Capital Group Core Equity ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 31st were given a $0.0852 dividend. The ex-dividend date of this dividend was Monday, March 31st.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. increased its holdings in Capital Group Core Equity ETF by 48.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,000 shares of the company’s stock worth $34,000 after purchasing an additional 325 shares during the last quarter. Capital A Wealth Management LLC bought a new stake in shares of Capital Group Core Equity ETF in the 4th quarter worth about $34,000. Stonebridge Financial Group LLC bought a new position in shares of Capital Group Core Equity ETF during the fourth quarter worth about $41,000. Synergy Investment Management LLC bought a new stake in Capital Group Core Equity ETF in the fourth quarter valued at about $50,000. Finally, Geneos Wealth Management Inc. increased its holdings in Capital Group Core Equity ETF by 111.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,173 shares of the company’s stock valued at $76,000 after buying an additional 1,143 shares during the last quarter.

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.