Capital Group Core Equity ETF (NYSEARCA:CGUS) Sets New 12-Month High – Should You Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $35.01 and last traded at $34.86, with a volume of 67615 shares trading hands. The stock had previously closed at $34.73.

Capital Group Core Equity ETF Stock Performance

The business has a 50 day moving average of $33.60 and a two-hundred day moving average of $32.34. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 26.52 and a beta of 0.96.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Several large investors have recently added to or reduced their stakes in the business. Mark Sheptoff Financial Planning LLC grew its position in Capital Group Core Equity ETF by 5.4% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 6,469 shares of the company’s stock worth $209,000 after purchasing an additional 329 shares in the last quarter. Bill Few Associates Inc. grew its holdings in shares of Capital Group Core Equity ETF by 2.2% in the second quarter. Bill Few Associates Inc. now owns 17,822 shares of the company’s stock valued at $575,000 after acquiring an additional 380 shares in the last quarter. Comerica Bank increased its position in shares of Capital Group Core Equity ETF by 83.3% during the first quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in Capital Group Core Equity ETF by 4.8% during the third quarter. Cornerstone Wealth Management LLC now owns 10,968 shares of the company’s stock worth $376,000 after acquiring an additional 501 shares during the period. Finally, tru Independence LLC boosted its position in Capital Group Core Equity ETF by 5.4% in the first quarter. tru Independence LLC now owns 10,830 shares of the company’s stock worth $337,000 after purchasing an additional 552 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.