Capital Group Core Equity ETF (NYSEARCA:CGUS) Hits New 52-Week High – Should You Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s share price reached a new 52-week high on Thursday . The company traded as high as $44.62 and last traded at $44.58, with a volume of 144262 shares trading hands. The stock had previously closed at $44.36.

Capital Group Core Equity ETF Stock Performance

The company’s 50 day moving average price is $43.48 and its 200-day moving average price is $41.41. The company has a market cap of $11.10 billion, a PE ratio of 26.31 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Pflug Koory LLC purchased a new stake in 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 during the fourth quarter valued at about $32,000. CoreCap Advisors LLC boosted its position 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 worth $44,000 after purchasing an additional 320 shares during the period. Huntington National Bank bought a new position in Capital Group Core Equity ETF during the third quarter worth about $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Capital Group Core Equity ETF by 460.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,368 shares of the company’s stock valued at $55,000 after buying an additional 1,124 shares in the last quarter.

Capital Group Core Equity ETF Company Profile

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.