Beacon Financial Advisory LLC Lowers Stake in Capital Group Core Equity ETF $CGUS

Beacon Financial Advisory LLC reduced its stake in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) by 4.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,108 shares of the company’s stock after selling 988 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Capital Group Core Equity ETF were worth $743,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CGUS. RFG Advisory LLC boosted its stake in shares of Capital Group Core Equity ETF by 8.5% during the first quarter. RFG Advisory LLC now owns 15,787 shares of the company’s stock valued at $527,000 after purchasing an additional 1,239 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Capital Group Core Equity ETF by 81.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,125 shares of the company’s stock valued at $171,000 after purchasing an additional 2,293 shares during the period. Pines Wealth Management LLC boosted its stake in shares of Capital Group Core Equity ETF by 17.1% during the first quarter. Pines Wealth Management LLC now owns 60,246 shares of the company’s stock valued at $2,012,000 after purchasing an additional 8,802 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Capital Group Core Equity ETF by 15.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,911 shares of the company’s stock valued at $865,000 after purchasing an additional 3,445 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in shares of Capital Group Core Equity ETF by 12.9% in the first quarter. Park Avenue Securities LLC now owns 98,526 shares of the company’s stock valued at $3,291,000 after acquiring an additional 11,292 shares in the last quarter.

Capital Group Core Equity ETF Price Performance

CGUS stock opened at $39.82 on Friday. Capital Group Core Equity ETF has a 1-year low of $28.95 and a 1-year high of $40.01. The business has a 50-day moving average price of $38.76 and a 200 day moving average price of $36.11. The company has a market capitalization of $7.50 billion, a P/E ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a $0.0925 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.37 dividend on an annualized basis and a yield of 0.9%.

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.