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

by · The Markets Daily

Capital Group Core Equity ETF (NYSEARCA:CGUS – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $41.25 and last traded at $41.2240, with a volume of 98009 shares. The stock had previously closed at $41.07.

Capital Group Core Equity ETF Stock Performance

The stock has a 50 day moving average of $40.41 and a two-hundred day moving average of $39.52. The firm has a market capitalization of $8.77 billion, a P/E ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in Capital Group Core Equity ETF during the 1st quarter worth $527,000. Focus Partners Wealth increased 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 purchasing an additional 7,193 shares during the period. Fifth Third Bancorp bought a new position in shares of Capital Group Core Equity ETF in the second quarter worth about $40,000. Perigon Wealth Management LLC lifted its position in shares of Capital Group Core Equity ETF by 10.6% during the 2nd quarter. Perigon Wealth Management LLC now owns 9,374 shares of the company’s stock worth $346,000 after purchasing an additional 898 shares during the last quarter. Finally, Avior Wealth Management LLC bought a new stake in Capital Group Core Equity ETF during the 2nd quarter valued at approximately $210,000.

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.

Read More