Capital Group Core Equity ETF $CGUS Stock Position Boosted by Sovran Advisors LLC

Sovran Advisors LLC grew its stake in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) by 29.6% during the third quarter, Holdings Channel reports. The institutional investor owned 161,873 shares of the company’s stock after acquiring an additional 36,941 shares during the period. Sovran Advisors LLC’s holdings in Capital Group Core Equity ETF were worth $6,504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. raised its holdings in Capital Group Core Equity ETF by 234.4% during the third quarter. Pinnacle Bancorp Inc. now owns 642 shares of the company’s stock worth $25,000 after purchasing an additional 450 shares in the last quarter. Fifth Third Bancorp bought a new stake in Capital Group Core Equity ETF in the second quarter worth about $40,000. Chilton Capital Management LLC lifted its holdings in Capital Group Core Equity ETF by 149.4% in the 2nd quarter. Chilton Capital Management LLC now owns 2,332 shares of the company’s stock valued at $86,000 after acquiring an additional 1,397 shares during the last quarter. Financial Perspectives Inc lifted its stake in Capital Group Core Equity ETF by 43.3% during the third quarter. Financial Perspectives Inc now owns 2,209 shares of the company’s stock valued at $87,000 after purchasing an additional 668 shares during the last quarter. Finally, IAG Wealth Partners LLC boosted its holdings in Capital Group Core Equity ETF by 14.9% during the second quarter. IAG Wealth Partners LLC now owns 2,505 shares of the company’s stock worth $93,000 after buying an additional 325 shares in the last quarter.

Capital Group Core Equity ETF Stock Performance

Shares of NYSEARCA:CGUS opened at $40.85 on Monday. The company has a market capitalization of $8.66 billion, a PE ratio of 26.31 and a beta of 0.92. The stock has a fifty day moving average of $40.29 and a 200-day moving average of $39.46. Capital Group Core Equity ETF has a one year low of $28.95 and a one year high of $41.21.

Capital Group Core Equity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a $0.1055 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.0%. This is an increase from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, December 26th.

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.