NewEdge Advisors LLC Has $43.62 Million Stock Position in Capital Group Core Equity ETF $CGUS

NewEdge Advisors LLC increased its stake in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 10.3% during the first quarter, HoldingsChannel reports. The firm owned 1,135,407 shares of the company’s stock after acquiring an additional 106,249 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group Core Equity ETF were worth $43,622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new stake in Capital Group Core Equity ETF during the first quarter valued at about $527,000. Focus Partners Wealth increased its position in shares of Capital Group Core Equity ETF by 314.0% in the first quarter. Focus Partners Wealth now owns 9,484 shares of the company’s stock worth $317,000 after acquiring an additional 7,193 shares in the last quarter. Sei Investments Co. increased its position in shares of Capital Group Core Equity ETF by 33.8% in the second quarter. Sei Investments Co. now owns 1,338,685 shares of the company’s stock worth $49,438,000 after acquiring an additional 338,456 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Capital Group Core Equity ETF by 8.6% during the second quarter. Raymond James Financial Inc. now owns 5,668,346 shares of the company’s stock valued at $209,332,000 after acquiring an additional 450,094 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Capital Group Core Equity ETF by 11.6% during the second quarter. Jane Street Group LLC now owns 160,000 shares of the company’s stock valued at $5,909,000 after acquiring an additional 16,646 shares during the period.

Capital Group Core Equity ETF Stock Performance

Shares of NYSEARCA:CGUS opened at $46.06 on Friday. The firm has a 50 day simple moving average of $44.20 and a 200 day simple moving average of $42.14. Capital Group Core Equity ETF has a 52 week low of $37.19 and a 52 week high of $46.80. The company has a market cap of $11.81 billion, a PE ratio of 26.31 and a beta of 0.93.

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.