Northwestern Mutual Wealth Management Co. Has $142.74 Million Holdings in Capital Group Core Equity ETF $CGUS

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,865,009 shares of the company’s stock after acquiring an additional 312,926 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 2.27% of Capital Group Core Equity ETF worth $142,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of Capital Group Core Equity ETF by 13.6% during the second quarter. Envestnet Asset Management Inc. now owns 10,327,349 shares of the company’s stock worth $381,389,000 after purchasing an additional 1,238,324 shares during the period. Raymond James Financial Inc. increased its stake in Capital Group Core Equity ETF by 7.6% during the 1st quarter. Raymond James Financial Inc. now owns 5,218,252 shares of the company’s stock worth $174,290,000 after purchasing an additional 370,182 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Capital Group Core Equity ETF by 176.1% during the 1st quarter. Jones Financial Companies Lllp now owns 4,833,131 shares of the company’s stock worth $169,514,000 after purchasing an additional 3,082,374 shares in the last quarter. Cetera Investment Advisers raised its holdings in Capital Group Core Equity ETF by 25.6% during the 2nd quarter. Cetera Investment Advisers now owns 4,826,699 shares of the company’s stock worth $178,250,000 after buying an additional 983,350 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in Capital Group Core Equity ETF by 7.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,415,953 shares of the company’s stock valued at $126,151,000 after buying an additional 232,758 shares in the last quarter.

Capital Group Core Equity ETF Stock Up 0.8%

Capital Group Core Equity ETF stock opened at $40.26 on Friday. The company has a 50 day moving average of $39.72 and a 200-day moving average of $38.06. Capital Group Core Equity ETF has a twelve month low of $28.95 and a twelve month high of $40.80. The stock has a market capitalization of $7.77 billion, a PE 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. 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 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.