Capital Group Core Equity ETF (NYSEARCA:CGUS) Hits New 12-Month Low – Here’s Why

Capital Group Core Equity ETF (NYSEARCA:CGUS) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $28.95 and last traded at $29.03, with a volume of 259326 shares traded. The stock had previously closed at $30.26.

Capital Group Core Equity ETF Price Performance

The firm’s 50-day moving average price is $34.50 and its 200-day moving average price is $34.89. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 25.72 and a beta of 0.93.

Capital Group Core Equity ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 31st were issued a $0.0852 dividend. The ex-dividend date was Monday, March 31st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital A Wealth Management LLC purchased a new stake in shares of Capital Group Core Equity ETF during the 4th quarter valued at about $34,000. Hazlett Burt & Watson Inc. raised its stake in shares of Capital Group Core Equity ETF by 48.1% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,000 shares of the company’s stock valued at $34,000 after purchasing an additional 325 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Capital Group Core Equity ETF during the fourth quarter worth $41,000. Synergy Investment Management LLC purchased a new position in shares of Capital Group Core Equity ETF in the fourth quarter valued at $50,000. Finally, Geneos Wealth Management Inc. grew its holdings in Capital Group Core Equity ETF by 111.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,173 shares of the company’s stock valued at $76,000 after purchasing an additional 1,143 shares in the last quarter.

Capital Group Core Equity ETF Company 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.