Capital Group Core Equity ETF (NYSEARCA:CGUS) Hits New 1-Year High – Still a Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUSGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $44.63 and last traded at $44.61, with a volume of 914917 shares changing hands. The stock had previously closed at $44.17.

Capital Group Core Equity ETF Price Performance

The business has a 50 day simple moving average of $43.69 and a 200 day simple moving average of $41.57. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Several hedge funds have recently bought and sold shares of the company. WealthCare Investment Partners LLC grew its position in Capital Group Core Equity ETF by 0.6% in the 4th quarter. WealthCare Investment Partners LLC now owns 42,338 shares of the company’s stock valued at $1,709,000 after acquiring an additional 250 shares in the last quarter. Ascent Group LLC boosted its stake in shares of Capital Group Core Equity ETF by 1.7% in the fourth quarter. Ascent Group LLC now owns 15,110 shares of the company’s stock valued at $608,000 after purchasing an additional 256 shares during the period. Cim LLC boosted its stake 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 purchasing an additional 262 shares during the period. Arax Advisory Partners grew its holdings in shares of Capital Group Core Equity ETF by 5.0% in the fourth quarter. Arax Advisory Partners now owns 5,919 shares of the company’s stock valued at $238,000 after purchasing an additional 283 shares in the last quarter. Finally, Mascagni Wealth Management Inc. grew its holdings in shares of Capital Group Core Equity ETF by 4.1% in the first quarter. Mascagni Wealth Management Inc. now owns 7,931 shares of the company’s stock valued at $305,000 after purchasing an additional 313 shares in the last quarter.

About Capital Group Core Equity ETF

(Get Free Report)

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.

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