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

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s share price reached a new 52-week high on Monday . The stock traded as high as $41.14 and last traded at $41.1450, with a volume of 505261 shares. The stock had previously closed at $41.07.

Capital Group Core Equity ETF Stock Performance

The business has a fifty day moving average price of $40.14 and a 200 day moving average price of $39.22. The company has a market capitalization of $8.59 billion, a PE ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.1055 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, December 26th. This is an increase from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09.

Institutional Investors Weigh In On Capital Group Core Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pinnacle Bancorp Inc. grew its holdings in shares of Capital Group Core Equity ETF by 234.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 642 shares of the company’s stock valued at $25,000 after acquiring an additional 450 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Capital Group Core Equity ETF during the 2nd quarter worth approximately $40,000. Huntington National Bank acquired a new stake in Capital Group Core Equity ETF during the 3rd quarter valued at $50,000. Hazlett Burt & Watson Inc. raised its position in Capital Group Core Equity ETF by 28.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,285 shares of the company’s stock worth $51,000 after purchasing an additional 285 shares during the last quarter. Finally, First PREMIER Bank bought a new position in Capital Group Core Equity ETF in the second quarter valued at approximately $83,000.

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.