Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 12-Month High – What’s Next?

Capital Group Core Equity ETF (NYSEARCA:CGUSGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $45.05 and last traded at $45.03, with a volume of 44635 shares changing hands. The stock had previously closed at $44.69.

Capital Group Core Equity ETF Stock Performance

The business’s 50 day moving average price is $44.05 and its 200-day moving average price is $42.00. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Ascent Group LLC boosted its holdings in Capital Group Core Equity ETF by 1.7% during the fourth quarter. Ascent Group LLC now owns 15,110 shares of the company’s stock valued at $608,000 after purchasing an additional 256 shares in the last quarter. Cim LLC grew its stake in shares of Capital Group Core Equity ETF by 2.3% in the 3rd quarter. Cim LLC now owns 11,444 shares of the company’s stock valued at $452,000 after purchasing an additional 262 shares during the period. Arax Advisory Partners raised its holdings in shares of Capital Group Core Equity ETF by 5.0% in the 4th quarter. Arax Advisory Partners now owns 5,919 shares of the company’s stock worth $238,000 after buying an additional 283 shares in the last quarter. Mascagni Wealth Management Inc. raised its holdings in shares of Capital Group Core Equity ETF by 4.1% in the 1st quarter. Mascagni Wealth Management Inc. now owns 7,931 shares of the company’s stock worth $305,000 after buying an additional 313 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Capital Group Core Equity ETF by 41.0% during the 4th quarter. CoreCap Advisors LLC now owns 1,101 shares of the company’s stock worth $44,000 after buying an additional 320 shares during the period.

About Capital Group Core Equity ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Capital Group Core Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Core Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.