Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 12-Month High – Still a Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s stock price reached 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 changing hands. The stock had previously closed at $34.73.

Capital Group Core Equity ETF Trading Up 0.2 %

The firm has a 50 day moving average of $33.71 and a 200-day moving average of $32.38. The company has a market cap of $2.88 billion, a P/E ratio of 26.52 and a beta of 0.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Smith Thornton Advisors LLC purchased a new position in shares of Capital Group Core Equity ETF in the second quarter valued at $375,000. Raymond James Trust N.A. increased its holdings in shares of Capital Group Core Equity ETF by 8.6% in the 2nd quarter. Raymond James Trust N.A. now owns 20,412 shares of the company’s stock worth $658,000 after buying an additional 1,609 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Capital Group Core Equity ETF by 14.4% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 27,872 shares of the company’s stock valued at $899,000 after buying an additional 3,500 shares in the last quarter. Sei Investments Co. bought a new position in shares of Capital Group Core Equity ETF in the 2nd quarter valued at about $24,364,000. Finally, Koshinski Asset Management Inc. purchased a new position in Capital Group Core Equity ETF in the first quarter worth about $876,000.

Capital Group Core Equity ETF Company Profile

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.