Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 1-Year High – Still a Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $41.25 and last traded at $41.2240, with a volume of 98009 shares. The stock had previously closed at $41.07.

Capital Group Core Equity ETF Trading Up 0.5%

The firm has a 50-day moving average of $40.33 and a 200 day moving average of $39.48. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a dividend of $0.1055 per share. The ex-dividend date of this dividend was Friday, December 26th. 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.

Institutional Trading of Capital Group Core Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CGUS. Pinnacle Bancorp Inc. increased its holdings in Capital Group Core Equity ETF by 234.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 642 shares of the company’s stock valued at $25,000 after buying an additional 450 shares during the period. Pflug Koory LLC acquired a new position in shares of Capital Group Core Equity ETF in the 4th quarter worth approximately $25,000. First Horizon Corp bought a new position in Capital Group Core Equity ETF in the 4th quarter valued at $32,000. Fifth Third Bancorp acquired a new position in shares of Capital Group Core Equity ETF during the second quarter valued at $40,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Capital Group Core Equity ETF by 41.0% in the 4th quarter. CoreCap Advisors LLC now owns 1,101 shares of the company’s stock valued at $44,000 after purchasing an additional 320 shares during 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.