Capital Group Core Equity ETF (NYSEARCA:CGUS) Hits New 1-Year High – Still a Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS) shares hit a new 52-week high during mid-day trading on Thursday . The company 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 Stock Up 1.0%

The business’s fifty day simple moving average is $43.69 and its two-hundred day simple moving average is $41.57. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93.

Institutional Investors Weigh In On Capital Group Core Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CGUS. First Heartland Consultants Inc. boosted its stake in Capital Group Core Equity ETF by 12.4% in the second quarter. First Heartland Consultants Inc. now owns 7,408 shares of the company’s stock valued at $330,000 after acquiring an additional 818 shares in the last quarter. Lincoln Capital LLC increased its position in shares of Capital Group Core Equity ETF by 22.2% during the second quarter. Lincoln Capital LLC now owns 42,760 shares of the company’s stock worth $1,902,000 after purchasing an additional 7,764 shares in the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of Capital Group Core Equity ETF by 5.7% in the 2nd quarter. 180 Wealth Advisors LLC now owns 34,897 shares of the company’s stock valued at $1,552,000 after purchasing an additional 1,886 shares during the last quarter. Bill Few Associates Inc. lifted its holdings in shares of Capital Group Core Equity ETF by 14.7% in the 2nd quarter. Bill Few Associates Inc. now owns 38,635 shares of the company’s stock valued at $1,718,000 after purchasing an additional 4,940 shares during the last quarter. Finally, M.E. Allison & CO. Inc. boosted its position in shares of Capital Group Core Equity ETF by 3.4% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 83,811 shares of the company’s stock valued at $3,728,000 after purchasing an additional 2,741 shares during the period.

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.