Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 1-Year High – What’s Next?

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 $42.45 and last traded at $42.43, with a volume of 491482 shares traded. The stock had previously closed at $42.24.

Capital Group Core Equity ETF Stock Performance

The business has a fifty day moving average of $40.25 and a 200-day moving average of $40.28. The company has a market capitalization of $10.24 billion, a P/E ratio of 26.31 and a beta of 0.94.

Hedge Funds Weigh In On Capital Group Core Equity ETF

A number of large investors have recently modified their holdings of CGUS. AQR Capital Management LLC bought a new position in shares of Capital Group Core Equity ETF in the 1st quarter worth $527,000. Focus Partners Wealth lifted its holdings in shares of Capital Group Core Equity ETF by 314.0% in the 1st quarter. Focus Partners Wealth now owns 9,484 shares of the company’s stock worth $317,000 after purchasing an additional 7,193 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Capital Group Core Equity ETF by 33.8% in the 2nd quarter. Sei Investments Co. now owns 1,338,685 shares of the company’s stock worth $49,438,000 after purchasing an additional 338,456 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Capital Group Core Equity ETF by 8.6% in the 2nd quarter. Raymond James Financial Inc. now owns 5,668,346 shares of the company’s stock worth $209,332,000 after purchasing an additional 450,094 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Capital Group Core Equity ETF by 11.6% in the 2nd quarter. Jane Street Group LLC now owns 160,000 shares of the company’s stock worth $5,909,000 after purchasing an additional 16,646 shares in the last quarter.

About Capital Group Core Equity ETF

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.