HighTower Advisors LLC Acquires 32,276 Shares of Capital Group Core Equity ETF $CGUS

HighTower Advisors LLC increased its holdings in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 23.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,662 shares of the company’s stock after acquiring an additional 32,276 shares during the quarter. HighTower Advisors LLC’s holdings in Capital Group Core Equity ETF were worth $6,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Merit Financial Group LLC raised its stake in Capital Group Core Equity ETF by 1,624.4% in the third quarter. Merit Financial Group LLC now owns 2,107,661 shares of the company’s stock worth $83,337,000 after buying an additional 1,985,435 shares in the last quarter. Aspire Growth Partners LLC grew its holdings in shares of Capital Group Core Equity ETF by 15.9% during the 2nd quarter. Aspire Growth Partners LLC now owns 127,590 shares of the company’s stock worth $4,712,000 after acquiring an additional 17,482 shares during the period. Assetmark Inc. grew its holdings in shares of Capital Group Core Equity ETF by 12.1% during the 3rd quarter. Assetmark Inc. now owns 955,029 shares of the company’s stock worth $37,762,000 after acquiring an additional 102,872 shares during the period. Beacon Pointe Advisors LLC bought a new position in shares of Capital Group Core Equity ETF in the 2nd quarter worth approximately $4,286,000. Finally, Apollon Wealth Management LLC raised its position in shares of Capital Group Core Equity ETF by 272.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 201,888 shares of the company’s stock worth $7,983,000 after acquiring an additional 147,649 shares in the last quarter.

Capital Group Core Equity ETF Stock Down 1.1%

NYSEARCA CGUS opened at $40.56 on Tuesday. Capital Group Core Equity ETF has a twelve month low of $28.95 and a twelve month high of $41.38. The firm has a market capitalization of $8.70 billion, a PE ratio of 26.31 and a beta of 0.92. The stock’s 50 day moving average is $40.66 and its 200 day moving average is $39.88.

Capital Group Core Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a $0.1055 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09.

Capital Group Core Equity ETF 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.