Capital Group Core Equity ETF (NYSEARCA:CGUS) Hits New 1-Year High – What’s Next?

Shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $36.37 and last traded at $36.30, with a volume of 104390 shares trading hands. The stock had previously closed at $36.28.

Capital Group Core Equity ETF Price Performance

The company has a market cap of $3.00 billion, a price-to-earnings ratio of 26.52 and a beta of 0.96. The business’s fifty day moving average price is $35.41 and its 200 day moving average price is $34.25.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Hedge funds have recently modified their holdings of the business. Atria Investments Inc acquired a new position in shares of Capital Group Core Equity ETF during the third quarter worth $204,000. Smith Thornton Advisors LLC acquired a new position in shares of Capital Group Core Equity ETF during the second quarter worth $375,000. Natixis Advisors LLC lifted its holdings in shares of Capital Group Core Equity ETF by 34.9% during the third quarter. Natixis Advisors LLC now owns 66,251 shares of the company’s stock worth $2,271,000 after purchasing an additional 17,133 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Capital Group Core Equity ETF by 23.3% during the second quarter. Sunbelt Securities Inc. now owns 299,002 shares of the company’s stock worth $9,643,000 after purchasing an additional 56,477 shares during the period. Finally, Lynch & Associates IN lifted its holdings in shares of Capital Group Core Equity ETF by 14.5% during the third quarter. Lynch & Associates IN now owns 17,325 shares of the company’s stock worth $594,000 after purchasing an additional 2,194 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.