Prime Capital Investment Advisors LLC Sells 2,482 Shares of Capital Group Core Equity ETF $CGUS

Prime Capital Investment Advisors LLC lessened its holdings in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 17.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,125 shares of the company’s stock after selling 2,482 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Capital Group Core Equity ETF were worth $448,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new position in Capital Group Core Equity ETF in the first quarter worth approximately $29,000. Chilton Capital Management LLC bought a new position in Capital Group Core Equity ETF in the 1st quarter worth $31,000. Fifth Third Bancorp bought a new position in Capital Group Core Equity ETF in the 2nd quarter worth $40,000. IAG Wealth Partners LLC raised its holdings in Capital Group Core Equity ETF by 514.1% in the 1st quarter. IAG Wealth Partners LLC now owns 2,180 shares of the company’s stock worth $73,000 after purchasing an additional 1,825 shares during the period. Finally, First PREMIER Bank bought a new position in shares of Capital Group Core Equity ETF in the second quarter worth about $83,000.

Capital Group Core Equity ETF Stock Down 2.7%

NYSEARCA CGUS opened at $38.81 on Friday. The stock’s 50-day moving average price is $38.92 and its 200-day moving average price is $36.29. Capital Group Core Equity ETF has a 52 week low of $28.95 and a 52 week high of $40.09. The company has a market capitalization of $7.32 billion, a P/E ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.0925 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.37 dividend on an annualized basis and a yield of 1.0%.

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.