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

Shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $44.63 and last traded at $44.61, with a volume of 914917 shares trading hands. The stock had previously closed at $44.17.

Capital Group Core Equity ETF Price Performance

The company has a market cap of $11.21 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93. The business’s fifty day moving average price is $43.79 and its 200 day moving average price is $41.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in shares of Capital Group Core Equity ETF in the first quarter valued at about $527,000. Focus Partners Wealth lifted its stake in shares of Capital Group Core Equity ETF by 314.0% in the first quarter. Focus Partners Wealth now owns 9,484 shares of the company’s stock worth $317,000 after acquiring an additional 7,193 shares during the period. Sei Investments Co. boosted its holdings in Capital Group Core Equity ETF by 33.8% in the second quarter. Sei Investments Co. now owns 1,338,685 shares of the company’s stock valued at $49,438,000 after acquiring an additional 338,456 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Capital Group Core Equity ETF by 8.6% in the second quarter. Raymond James Financial Inc. now owns 5,668,346 shares of the company’s stock valued at $209,332,000 after acquiring an additional 450,094 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Capital Group Core Equity ETF by 11.6% during the 2nd quarter. Jane Street Group LLC now owns 160,000 shares of the company’s stock valued at $5,909,000 after purchasing an additional 16,646 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.