Capital Group Core Equity ETF (NYSEARCA:CGUS) Hits New 12-Month High – Here’s What Happened

Capital Group Core Equity ETF (NYSEARCA:CGUS) hit a new 52-week high during trading on Monday . The company traded as high as $44.60 and last traded at $44.56, with a volume of 474993 shares changing hands. The stock had previously closed at $43.71.

Capital Group Core Equity ETF Stock Down 0.9%

The stock’s 50-day moving average price is $42.78 and its 200 day moving average price is $41.12. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 26.31 and a beta of 0.94.

Institutional Investors Weigh In On Capital Group Core Equity ETF

A number of hedge funds have recently modified their holdings of CGUS. Pflug Koory LLC purchased a new stake in shares of Capital Group Core Equity ETF in the fourth quarter valued at about $25,000. First Horizon Corp purchased a new stake in shares of Capital Group Core Equity ETF in the fourth quarter valued at about $32,000. CoreCap Advisors LLC grew its holdings in shares of Capital Group Core Equity ETF by 41.0% in the fourth quarter. CoreCap Advisors LLC now owns 1,101 shares of the company’s stock valued at $44,000 after purchasing an additional 320 shares during the period. Huntington National Bank purchased a new stake in shares of Capital Group Core Equity ETF in the third quarter valued at about $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Capital Group Core Equity ETF by 460.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,368 shares of the company’s stock valued at $55,000 after purchasing an additional 1,124 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.