Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 12-Month High – Should You Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $42.24 and last traded at $42.24, with a volume of 80497 shares trading hands. The stock had previously closed at $42.19.

Capital Group Core Equity ETF Stock Up 0.1%

The firm has a 50 day moving average of $40.04 and a two-hundred day moving average of $40.17. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93.

Institutional Investors Weigh In On Capital Group Core Equity ETF

Several large investors have recently modified their holdings of CGUS. Hunter Associates Investment Management LLC grew its holdings in Capital Group Core Equity ETF by 1.5% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 16,550 shares of the company’s stock worth $653,000 after acquiring an additional 250 shares during the period. WealthCare Investment Partners LLC lifted its stake in shares of 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 purchasing an additional 250 shares during the period. Ascent Group LLC boosted its position in shares of Capital Group Core Equity ETF by 1.7% during the 4th quarter. Ascent Group LLC now owns 15,110 shares of the company’s stock valued at $608,000 after purchasing an additional 256 shares in the last quarter. Belpointe Asset Management LLC boosted its position in shares of Capital Group Core Equity ETF by 1.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 24,826 shares of the company’s stock valued at $982,000 after purchasing an additional 259 shares in the last quarter. Finally, Cim LLC grew its stake in Capital Group Core Equity ETF by 2.3% during the third quarter. Cim LLC now owns 11,444 shares of the company’s stock worth $452,000 after purchasing an additional 262 shares during the period.

About Capital Group Core Equity ETF

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.