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

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s share price reached a new 52-week high on Thursday . The stock traded as high as $44.11 and last traded at $44.07, with a volume of 170387 shares traded. The stock had previously closed at $43.93.

Capital Group Core Equity ETF Price Performance

The firm has a market capitalization of $10.61 billion, a PE ratio of 26.31 and a beta of 0.94. The firm’s fifty day moving average is $41.50 and its two-hundred day moving average is $40.76.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CGUS. Pflug Koory LLC purchased a new position in Capital Group Core Equity ETF in the fourth quarter valued at about $25,000. First Horizon Corp purchased a new position in Capital Group Core Equity ETF in the fourth quarter valued at about $32,000. CoreCap Advisors LLC boosted its stake in Capital Group Core Equity ETF by 41.0% in 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. Huntington National Bank purchased a new position in Capital Group Core Equity ETF in the third quarter valued at about $50,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in Capital Group Core Equity ETF by 28.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,285 shares of the company’s stock valued at $51,000 after acquiring an additional 285 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.