Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 12-Month High – What’s Next?

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $45.05 and last traded at $45.03, with a volume of 44635 shares traded. The stock had previously closed at $44.69.

Capital Group Core Equity ETF Stock Up 1.2%

The stock’s 50-day moving average price is $44.05 and its 200 day moving average price is $42.00. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of Capital Group Core Equity ETF in the 1st quarter worth approximately $527,000. Focus Partners Wealth increased its position in shares of Capital Group Core Equity ETF by 314.0% during the first quarter. Focus Partners Wealth now owns 9,484 shares of the company’s stock valued at $317,000 after purchasing an additional 7,193 shares during the period. Sei Investments Co. increased its position in shares of Capital Group Core Equity ETF by 33.8% during the second quarter. Sei Investments Co. now owns 1,338,685 shares of the company’s stock valued at $49,438,000 after purchasing an additional 338,456 shares during the period. Raymond James Financial Inc. raised its stake in shares of Capital Group Core Equity ETF by 8.6% in the second quarter. Raymond James Financial Inc. now owns 5,668,346 shares of the company’s stock valued at $209,332,000 after purchasing an additional 450,094 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Capital Group Core Equity ETF by 11.6% in the second quarter. Jane Street Group LLC now owns 160,000 shares of the company’s stock valued at $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.