Berger Financial Group Inc Lowers Stake in Capital Group Core Equity ETF $CGUS

Berger Financial Group Inc cut its stake in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 7.0% during the second quarter, HoldingsChannel reports. The firm owned 115,045 shares of the company’s stock after selling 8,639 shares during the period. Berger Financial Group Inc’s holdings in Capital Group Core Equity ETF were worth $4,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Freedom Investment Management Inc. raised its stake in shares of Capital Group Core Equity ETF by 3.1% during the first quarter. Freedom Investment Management Inc. now owns 11,612 shares of the company’s stock valued at $388,000 after acquiring an additional 345 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in Capital Group Core Equity ETF by 0.7% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 63,915 shares of the company’s stock worth $2,135,000 after purchasing an additional 449 shares during the period. Comerica Bank raised its position in Capital Group Core Equity ETF by 4.0% during the 1st quarter. Comerica Bank now owns 11,769 shares of the company’s stock valued at $393,000 after purchasing an additional 456 shares in the last quarter. Ashton Thomas Securities LLC raised its position in Capital Group Core Equity ETF by 1.0% during the 1st quarter. Ashton Thomas Securities LLC now owns 51,710 shares of the company’s stock valued at $1,727,000 after purchasing an additional 500 shares in the last quarter. Finally, Titleist Asset Management LLC lifted its holdings in shares of Capital Group Core Equity ETF by 7.8% in the 1st quarter. Titleist Asset Management LLC now owns 8,126 shares of the company’s stock worth $271,000 after buying an additional 586 shares during the period.

Capital Group Core Equity ETF Price Performance

CGUS stock opened at $39.82 on Friday. Capital Group Core Equity ETF has a 1-year low of $28.95 and a 1-year high of $40.01. The business has a 50-day moving average price of $38.76 and a 200 day moving average price of $36.11. The company has a market capitalization of $7.50 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 disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a dividend of $0.0925 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, September 30th.

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.