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

Capital Group Core Equity ETF (NYSEARCA:CGUS) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $41.25 and last traded at $41.2240, with a volume of 98009 shares trading hands. The stock had previously closed at $41.07.

Capital Group Core Equity ETF Price Performance

The stock’s 50-day moving average price is $40.33 and its 200-day moving average price is $39.48. The company has a market cap of $8.79 billion, a P/E ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Pinnacle Bancorp Inc. lifted its position 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 worth $25,000 after buying an additional 450 shares in the last quarter. Pflug Koory LLC purchased a new position in shares of Capital Group Core Equity ETF in the 4th quarter worth about $25,000. First Horizon Corp purchased a new stake in Capital Group Core Equity ETF in the 4th quarter worth about $32,000. Fifth Third Bancorp bought a new stake in Capital Group Core Equity ETF in the 2nd quarter valued at about $40,000. Finally, CoreCap Advisors LLC lifted its holdings in Capital Group Core Equity ETF by 41.0% during 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 last quarter.

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.