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

Capital Group Core Equity ETF (NYSEARCA:CGUS) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $36.45 and last traded at $36.33, with a volume of 188511 shares trading hands. The stock had previously closed at $36.07.

Capital Group Core Equity ETF Price Performance

The business has a 50 day simple moving average of $35.52 and a 200 day simple moving average of $34.35. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 26.52 and a beta of 0.96.

Institutional Trading of Capital Group Core Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Truist Financial Corp increased its holdings in Capital Group Core Equity ETF by 13.9% in the second quarter. Truist Financial Corp now owns 104,259 shares of the company’s stock valued at $3,362,000 after purchasing an additional 12,739 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Capital Group Core Equity ETF during the 2nd quarter worth about $382,000. Cim LLC bought a new stake in shares of Capital Group Core Equity ETF in the 2nd quarter valued at about $228,000. Delta Financial Group Inc. raised its position in shares of Capital Group Core Equity ETF by 4.6% in the 3rd quarter. Delta Financial Group Inc. now owns 15,983 shares of the company’s stock valued at $548,000 after acquiring an additional 702 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in Capital Group Core Equity ETF by 5.7% during the 3rd quarter. Park Avenue Securities LLC now owns 75,484 shares of the company’s stock worth $2,588,000 after acquiring an additional 4,091 shares during 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.