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 reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $42.24 and last traded at $42.24, with a volume of 80497 shares. The stock had previously closed at $42.19.

Capital Group Core Equity ETF Trading Up 0.1%

The company has a market cap of $10.05 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93. The firm’s fifty day moving average price is $40.04 and its 200-day moving average price is $40.17.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Several hedge funds have recently made changes to their positions in CGUS. Pflug Koory LLC acquired a new position in shares of Capital Group Core Equity ETF during the 4th quarter worth about $25,000. Pinnacle Bancorp Inc. boosted its position in Capital Group Core Equity ETF by 234.4% during the third quarter. Pinnacle Bancorp Inc. now owns 642 shares of the company’s stock valued at $25,000 after purchasing an additional 450 shares during the last quarter. First Horizon Corp acquired a new position in Capital Group Core Equity ETF during the fourth quarter valued at approximately $32,000. CoreCap Advisors LLC grew its stake in 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 in the last quarter. Finally, Huntington National Bank bought a new position in Capital Group Core Equity ETF in the third quarter valued at approximately $50,000.

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.