Apollon Wealth Management LLC Makes New Investment in Capital Group Core Equity ETF $CGUS

Apollon Wealth Management LLC bought a new position in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 54,239 shares of the company’s stock, valued at approximately $2,003,000.

A number of other large investors also recently modified their holdings of the stock. LPL Financial LLC lifted 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 valued at $495,555,000 after buying an additional 5,611,806 shares during the period. 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 worth $169,514,000 after acquiring an additional 3,082,374 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Capital Group Core Equity ETF by 16.0% during the first 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 in the last quarter. Cetera Investment Advisers grew its position in Capital Group Core Equity ETF by 25.4% in the first 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 in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Capital Group Core Equity ETF by 15.8% in the first 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 in the last quarter.

Capital Group Core Equity ETF Trading Up 1.4%

Capital Group Core Equity ETF stock opened at $39.37 on Tuesday. The company has a market cap of $7.43 billion, a P/E ratio of 26.31 and a beta of 0.92. Capital Group Core Equity ETF has a 1-year low of $28.95 and a 1-year high of $40.09. The company has a fifty day simple moving average of $38.95 and a 200 day simple moving average of $36.36.

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 issued a dividend of $0.0925 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.37 annualized dividend and a dividend yield of 0.9%.

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.