Summit Investment Advisory Services LLC purchased a new stake in Capital Group Core Equity ETF (NYSEARCA:CGUS – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 603,469 shares of the company’s stock, valued at approximately $20,687,000. Capital Group Core Equity ETF accounts for 11.0% of Summit Investment Advisory Services LLC’s holdings, making the stock its 4th largest holding.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in shares of Capital Group Core Equity ETF by 83.3% during the 1st quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $34,000 after purchasing an additional 500 shares during the last quarter. Clear Investment Research LLC bought a new stake in Capital Group Core Equity ETF during the 1st quarter worth approximately $55,000. Mather Group LLC. bought a new stake in Capital Group Core Equity ETF during the 1st quarter worth approximately $81,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Capital Group Core Equity ETF during the 2nd quarter worth approximately $89,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Capital Group Core Equity ETF during the first quarter worth $118,000.
Capital Group Core Equity ETF Trading Up 0.2 %
NYSEARCA CGUS traded up $0.06 during trading hours on Thursday, hitting $34.79. 164,383 shares of the company’s stock were exchanged, compared to its average volume of 558,129. Capital Group Core Equity ETF has a 1-year low of $24.19 and a 1-year high of $35.01. The stock has a 50-day simple moving average of $33.60 and a 200 day simple moving average of $32.34. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 26.52 and a beta of 0.96.
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.
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