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

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s share price hit a new 52-week high during trading on Friday . The stock 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’s 50-day moving average price is $35.44 and its 200 day moving average price is $34.28. The firm has a market capitalization of $3.00 billion, a PE ratio of 26.52 and a beta of 0.96.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its position in shares of Capital Group Core Equity ETF by 111.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,173 shares of the company’s stock worth $76,000 after purchasing an additional 1,143 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Capital Group Core Equity ETF by 944.1% during the 3rd 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 period. ORG Partners LLC acquired a new stake in Capital Group Core Equity ETF during the 4th quarter worth approximately $105,000. Private Client Services LLC purchased a new position in Capital Group Core Equity ETF in the 4th quarter valued at approximately $200,000. Finally, Atria Investments Inc acquired a new position in shares of Capital Group Core Equity ETF in the third quarter worth $204,000.

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.