Capital Group Core Equity ETF (NYSEARCA:CGUS) Sets New 52-Week High – Still a Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.76 and last traded at $39.72, with a volume of 650449 shares traded. The stock had previously closed at $39.62.

Capital Group Core Equity ETF Trading Down 0.3%

The business has a 50 day simple moving average of $38.55 and a 200-day simple moving average of $35.80. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 30th were issued a $0.0971 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, June 30th.

Institutional Investors Weigh In On Capital Group Core Equity ETF

Several hedge funds have recently modified their holdings of the stock. NWF Advisory Services Inc. raised its holdings in shares of Capital Group Core Equity ETF by 90.6% during the 2nd quarter. NWF Advisory Services Inc. now owns 12,802 shares of the company’s stock valued at $473,000 after buying an additional 6,085 shares during the period. Osaic Holdings Inc. grew its position in shares of Capital Group Core Equity ETF by 16.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,757,275 shares of the company’s stock worth $64,400,000 after acquiring an additional 247,785 shares in the last quarter. Centaurus Financial Inc. grew its position in shares of Capital Group Core Equity ETF by 20.1% in the 2nd quarter. Centaurus Financial Inc. now owns 136,665 shares of the company’s stock worth $5,047,000 after acquiring an additional 22,907 shares in the last quarter. Tribridge Partners Financial LLC acquired a new position in shares of Capital Group Core Equity ETF in the 2nd quarter worth approximately $446,000. Finally, Orion Porfolio Solutions LLC grew its position in shares of Capital Group Core Equity ETF by 2.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 411,239 shares of the company’s stock worth $15,187,000 after acquiring an additional 8,028 shares in the last quarter.

Capital Group Core Equity ETF Company 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.