Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 1-Year High – Here’s Why

Capital Group Core Equity ETF (NYSEARCA:CGUS) hit a new 52-week high during trading on Tuesday . The stock traded as high as $40.86 and last traded at $40.8250, with a volume of 158717 shares trading hands. The stock had previously closed at $40.60.

Capital Group Core Equity ETF Stock Down 0.0%

The stock’s 50 day moving average price is $40.10 and its two-hundred day moving average price is $39.11. The stock has a market cap of $8.46 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. Shareholders of record on Friday, December 26th were given a dividend of $0.1055 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.42 annualized dividend and a yield of 1.0%. This is an increase from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09.

Institutional Trading of Capital Group Core Equity ETF

A number of hedge funds have recently modified their holdings of the stock. Hunter Associates Investment Management LLC raised its position in Capital Group Core Equity ETF by 1.5% during the third quarter. Hunter Associates Investment Management LLC now owns 16,550 shares of the company’s stock valued at $653,000 after acquiring an additional 250 shares in the last quarter. WealthCare Investment Partners LLC boosted its position in Capital Group Core Equity ETF by 0.6% in the 4th quarter. WealthCare Investment Partners LLC now owns 42,338 shares of the company’s stock worth $1,709,000 after purchasing an additional 250 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of Capital Group Core Equity ETF by 1.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 24,826 shares of the company’s stock worth $982,000 after purchasing an additional 259 shares during the period. Cim LLC increased its holdings in shares of Capital Group Core Equity ETF by 2.3% during the 3rd quarter. Cim LLC now owns 11,444 shares of the company’s stock valued at $452,000 after purchasing an additional 262 shares in the last quarter. Finally, VestGen Investment Management increased its holdings in shares of Capital Group Core Equity ETF by 1.8% during the 2nd quarter. VestGen Investment Management now owns 15,678 shares of the company’s stock valued at $579,000 after purchasing an additional 276 shares in 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.