Ergawealth Advisors Inc. Invests $1.26 Million in Capital Group Core Equity ETF $CGUS

Ergawealth Advisors Inc. purchased a new position in Capital Group Core Equity ETF (NYSEARCA:CGUS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 34,142 shares of the company’s stock, valued at approximately $1,261,000. Capital Group Core Equity ETF makes up 0.6% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 26th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of CGUS. LPL Financial LLC raised its holdings in Capital Group Core Equity ETF by 60.8% in the first quarter. LPL Financial LLC now owns 14,836,962 shares of the company’s stock worth $495,555,000 after buying an additional 5,611,806 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Capital Group Core Equity ETF by 176.1% during the first quarter. Jones Financial Companies Lllp now owns 4,833,131 shares of the company’s stock valued at $169,514,000 after acquiring an additional 3,082,374 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Capital Group Core Equity ETF by 16.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,089,025 shares of the company’s stock worth $303,573,000 after acquiring an additional 1,254,091 shares during the last quarter. Cetera Investment Advisers boosted its stake in Capital Group Core Equity ETF by 25.4% during the 1st quarter. Cetera Investment Advisers now owns 3,843,349 shares of the company’s stock valued at $128,368,000 after purchasing an additional 779,618 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Capital Group Core Equity ETF by 15.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 3,183,195 shares of the company’s stock valued at $106,319,000 after purchasing an additional 434,231 shares during 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 fifty day moving average price of $38.76 and a 200-day moving average price of $36.11. The stock 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 business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.0925 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.37 annualized dividend and a yield of 0.9%.

Capital Group Core Equity ETF 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.