Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 52-Week High – Still a Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $36.45 and last traded at $36.33, with a volume of 188511 shares. The stock had previously closed at $36.07.

Capital Group Core Equity ETF Stock Performance

The firm’s fifty day simple moving average is $35.57 and its 200 day simple moving average is $34.38. The stock has a market capitalization of $3.00 billion, a P/E ratio of 26.52 and a beta of 0.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CGUS. Stonebridge Financial Group LLC bought a new stake in shares of Capital Group Core Equity ETF during the 4th quarter valued at approximately $41,000. Geneos Wealth Management Inc. boosted its position in Capital Group Core Equity ETF by 111.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,173 shares of the company’s stock valued at $76,000 after buying an additional 1,143 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Capital Group Core Equity ETF by 944.1% during the third quarter. JPMorgan Chase & Co. now owns 2,934 shares of the company’s stock worth $101,000 after buying an additional 2,653 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Capital Group Core Equity ETF during the fourth quarter worth $105,000. Finally, Private Client Services LLC bought a new position in shares of Capital Group Core Equity ETF in the 4th quarter valued at $200,000.

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.