Concurrent Investment Advisors LLC Buys 52,296 Shares of Capital Group Core Equity ETF $CGUS

Concurrent Investment Advisors LLC raised its stake in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 130.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,317 shares of the company’s stock after purchasing an additional 52,296 shares during the quarter. Concurrent Investment Advisors LLC owned approximately 0.05% of Capital Group Core Equity ETF worth $3,409,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CGUS. Wealth Enhancement Advisory Services LLC lifted its holdings in Capital Group Core Equity ETF by 10.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 681,280 shares of the company’s stock worth $22,755,000 after purchasing an additional 64,745 shares during the last quarter. M.E. Allison & CO. Inc. lifted its holdings in Capital Group Core Equity ETF by 3.5% during the 1st quarter. M.E. Allison & CO. Inc. now owns 53,967 shares of the company’s stock worth $1,802,000 after buying an additional 1,849 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Capital Group Core Equity ETF by 16.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 443,812 shares of the company’s stock worth $14,823,000 after buying an additional 61,427 shares during the period. Sowell Financial Services LLC lifted its stake in shares of Capital Group Core Equity ETF by 2.3% in the 1st quarter. Sowell Financial Services LLC now owns 39,941 shares of the company’s stock valued at $1,334,000 after purchasing an additional 910 shares during the period. Finally, AA Financial Advisors LLC raised its stake in Capital Group Core Equity ETF by 21.1% during the 1st quarter. AA Financial Advisors LLC now owns 383,265 shares of the company’s stock worth $12,801,000 after buying an additional 66,733 shares during the period.

Capital Group Core Equity ETF Stock Performance

Shares of CGUS opened at $39.37 on Tuesday. The firm has a market capitalization of $7.43 billion, a P/E ratio of 26.31 and a beta of 0.92. The stock has a 50 day moving average price of $38.95 and a two-hundred day moving average price of $36.36. Capital Group Core Equity ETF has a 52 week low of $28.95 and a 52 week high of $40.09.

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 given a $0.0925 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, September 30th.

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.