Capital Group Core Equity ETF $CGUS Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,137,498 shares of the company’s stock after acquiring an additional 810,149 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Capital Group Core Equity ETF worth $440,377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. lifted its stake in shares of Capital Group Core Equity ETF by 8.6% in 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 period. Cetera Investment Advisers grew its position in shares of Capital Group Core Equity ETF by 25.6% during 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 during the period. Jones Financial Companies Lllp increased its stake in shares of Capital Group Core Equity ETF by 24.8% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Capital Group Core Equity ETF by 8.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,865,009 shares of the company’s stock worth $142,735,000 after purchasing an additional 312,926 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Capital Group Core Equity ETF by 7.1% during the third quarter. Commonwealth Equity Services LLC now owns 3,659,263 shares of the company’s stock worth $144,687,000 after purchasing an additional 243,310 shares in the last quarter.

Capital Group Core Equity ETF Price Performance

Capital Group Core Equity ETF stock opened at $40.51 on Thursday. The stock has a market capitalization of $8.69 billion, a PE ratio of 26.31 and a beta of 0.92. The business has a 50 day simple moving average of $40.56 and a 200-day simple moving average of $39.63. Capital Group Core Equity ETF has a 12 month low of $28.95 and a 12 month high of $41.38.

Capital Group Core Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a dividend of $0.1055 per share. This is an increase 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 of this dividend was Friday, December 26th.

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.