NewEdge Advisors LLC Purchases 61,215 Shares of Capital Group Core Equity ETF $CGUS

NewEdge Advisors LLC grew its position in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,196,622 shares of the company’s stock after buying an additional 61,215 shares during the quarter. NewEdge Advisors LLC owned 0.47% of Capital Group Core Equity ETF worth $53,226,000 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 CGUS. Cim LLC raised its holdings in shares of Capital Group Core Equity ETF by 2.3% in the third quarter. Cim LLC now owns 11,444 shares of the company’s stock valued at $452,000 after acquiring an additional 262 shares in the last quarter. Arax Advisory Partners grew its holdings in Capital Group Core Equity ETF by 5.0% during the 4th quarter. Arax Advisory Partners now owns 5,919 shares of the company’s stock worth $238,000 after acquiring an additional 283 shares in the last quarter. Mascagni Wealth Management Inc. grew its holdings in Capital Group Core Equity ETF by 4.1% during the 1st quarter. Mascagni Wealth Management Inc. now owns 7,931 shares of the company’s stock worth $305,000 after acquiring an additional 313 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in Capital Group Core Equity ETF by 7.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,336 shares of the company’s stock valued at $215,000 after purchasing an additional 360 shares during the period. Finally, CWS Financial Advisors LLC increased its position in Capital Group Core Equity ETF by 1.0% during the 1st quarter. CWS Financial Advisors LLC now owns 39,992 shares of the company’s stock valued at $1,536,000 after purchasing an additional 397 shares during the period.

Capital Group Core Equity ETF Stock Performance

NYSEARCA:CGUS opened at $44.99 on Wednesday. The firm has a 50-day simple moving average of $44.92 and a 200-day simple moving average of $42.90. Capital Group Core Equity ETF has a one year low of $37.19 and a one year high of $46.80. The firm has a market cap of $11.53 billion, a P/E ratio of 26.31 and a beta of 0.93.

Capital Group Core Equity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a dividend of $0.0833 per share. This represents a $0.33 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th.

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.