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

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $34.47 and last traded at $34.44, with a volume of 143682 shares changing hands. The stock had previously closed at $34.26.

Capital Group Core Equity ETF Price Performance

The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 26.52 and a beta of 0.96. The firm has a 50 day simple moving average of $33.28 and a two-hundred day simple moving average of $32.20.

Institutional Investors Weigh In On Capital Group Core Equity ETF

Several hedge funds have recently bought and sold shares of CGUS. Continuum Advisory LLC lifted its holdings in shares of Capital Group Core Equity ETF by 39.0% in the fourth quarter. Continuum Advisory LLC now owns 81,501 shares of the company’s stock valued at $2,307,000 after purchasing an additional 22,874 shares in the last quarter. Harbour Investments Inc. grew its stake in Capital Group Core Equity ETF by 24.9% in the fourth quarter. Harbour Investments Inc. now owns 306,731 shares of the company’s stock valued at $8,680,000 after purchasing an additional 61,165 shares in the last quarter. Burford Brothers Inc. acquired a new position in shares of Capital Group Core Equity ETF during the 4th quarter worth approximately $4,319,000. ICA Group Wealth Management LLC bought a new stake in shares of Capital Group Core Equity ETF during the 4th quarter worth approximately $287,000. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of Capital Group Core Equity ETF by 2.8% in the 1st quarter. ST Germain D J Co. Inc. now owns 155,599 shares of the company’s stock valued at $4,848,000 after buying an additional 4,249 shares during the last quarter.

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.