Capital Group Core Equity ETF (NYSEARCA:CGUS) Hits New 1-Year High – Should You Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $36.37 and last traded at $36.30, with a volume of 104390 shares changing hands. The stock had previously closed at $36.28.

Capital Group Core Equity ETF Price Performance

The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 26.52 and a beta of 0.96. The business’s 50 day moving average is $35.44 and its 200 day moving average is $34.28.

Institutional Trading of Capital Group Core Equity ETF

Several institutional investors have recently modified their holdings of CGUS. Geneos Wealth Management Inc. grew its position in shares of Capital Group Core Equity ETF by 111.0% in the 4th 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 during the last quarter. JPMorgan Chase & Co. lifted its position in Capital Group Core Equity ETF by 944.1% in the third quarter. JPMorgan Chase & Co. now owns 2,934 shares of the company’s stock valued at $101,000 after acquiring an additional 2,653 shares during the last quarter. ORG Partners LLC acquired a new position in Capital Group Core Equity ETF in the fourth quarter valued at $105,000. Private Client Services LLC purchased a new position in shares of Capital Group Core Equity ETF during the fourth quarter worth about $200,000. Finally, Atria Investments Inc acquired a new stake in shares of Capital Group Core Equity ETF during the third quarter worth about $204,000.

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.