Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 52-Week High – Still a Buy?

Shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) reached a new 52-week high on Tuesday . The company 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 market cap of $10.38 billion, a P/E ratio of 26.31 and a beta of 0.94. The stock’s 50-day simple moving average is $40.48 and its two-hundred day simple moving average is $40.42.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CGUS. Pinnacle Bancorp Inc. increased its position in Capital Group Core Equity ETF by 234.4% during the third quarter. Pinnacle Bancorp Inc. now owns 642 shares of the company’s stock valued at $25,000 after acquiring an additional 450 shares during the last quarter. Pflug Koory LLC bought a new position in Capital Group Core Equity ETF during the fourth quarter valued at $25,000. First Horizon Corp bought a new position in Capital Group Core Equity ETF during the fourth quarter valued at $32,000. CoreCap Advisors LLC increased its position in Capital Group Core Equity ETF by 41.0% during the fourth quarter. CoreCap Advisors LLC now owns 1,101 shares of the company’s stock valued at $44,000 after acquiring an additional 320 shares during the last quarter. Finally, Huntington National Bank bought a new position in Capital Group Core Equity ETF during the third quarter valued at $50,000.

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.