NewEdge Advisors LLC Sells 179,239 Shares of Capital Group Core Equity ETF $CGUS

NewEdge Advisors LLC reduced its holdings in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 17.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 826,422 shares of the company’s stock after selling 179,239 shares during the quarter. NewEdge Advisors LLC owned about 0.48% of Capital Group Core Equity ETF worth $30,520,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp bought a new stake in Capital Group Core Equity ETF in the 2nd quarter valued at $40,000. Aspire Growth Partners LLC lifted its holdings in shares of Capital Group Core Equity ETF by 15.9% during the second quarter. Aspire Growth Partners LLC now owns 127,590 shares of the company’s stock valued at $4,712,000 after acquiring an additional 17,482 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in Capital Group Core Equity ETF during the 2nd quarter valued at $4,286,000. Truist Financial Corp lifted its position in shares of Capital Group Core Equity ETF by 8.8% during the second quarter. Truist Financial Corp now owns 186,633 shares of the company’s stock worth $6,892,000 after purchasing an additional 15,138 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Capital Group Core Equity ETF by 8.3% in the second quarter. Baird Financial Group Inc. now owns 1,154,988 shares of the company’s stock valued at $42,654,000 after acquiring an additional 88,433 shares during the last quarter.

Capital Group Core Equity ETF Stock Up 0.8%

CGUS stock opened at $40.44 on Thursday. The company has a market cap of $7.80 billion, a P/E ratio of 26.31 and a beta of 0.92. Capital Group Core Equity ETF has a twelve month low of $28.95 and a twelve month high of $40.80. The business’s fifty day moving average is $39.86 and its 200-day moving average is $38.43.

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 given a $0.0925 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.9%.

Capital Group Core Equity ETF 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.