Capital Group Core Equity ETF (NYSEARCA:CGUS) Hits New 52-Week High at $34.29

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $34.29 and last traded at $34.22, with a volume of 38790 shares traded. The stock had previously closed at $34.20.

Capital Group Core Equity ETF Price Performance

The business has a 50-day simple moving average of $32.97 and a two-hundred day simple moving average of $31.93. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 26.52 and a beta of 0.96.

Hedge Funds Weigh In On Capital Group Core Equity ETF

Large investors have recently modified their holdings of the stock. UBS Group AG raised its holdings in Capital Group Core Equity ETF by 37.7% in the 4th quarter. UBS Group AG now owns 378,769 shares of the company’s stock valued at $10,719,000 after acquiring an additional 103,795 shares during the period. Vantage Financial Partners Ltd. Inc. increased its position in Capital Group Core Equity ETF by 120.9% during the 4th quarter. Vantage Financial Partners Ltd. Inc. now owns 346,377 shares of the company’s stock worth $9,802,000 after buying an additional 189,573 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Capital Group Core Equity ETF by 15.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,196,573 shares of the company’s stock worth $118,763,000 after buying an additional 569,520 shares in the last quarter. Advance Capital Management Inc. bought a new stake in shares of Capital Group Core Equity ETF in the first quarter valued at about $229,000. Finally, Raymond James Trust N.A. grew its stake in shares of Capital Group Core Equity ETF by 8.6% in the second quarter. Raymond James Trust N.A. now owns 20,412 shares of the company’s stock valued at $658,000 after acquiring an additional 1,609 shares in the last quarter.

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.