Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 52-Week High – Should You Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS) shares hit a new 52-week high on Wednesday . The company 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 Stock Up 0.7 %

The business’s 50-day moving average price is $33.34 and its 200-day moving average price is $32.23. The firm has a market capitalization of $2.86 billion, a PE ratio of 26.52 and a beta of 0.96.

Institutional Investors Weigh In On Capital Group Core Equity ETF

Several institutional investors have recently made changes to their positions in the company. Koshinski Asset Management Inc. raised its position in Capital Group Core Equity ETF by 6.4% during the third quarter. Koshinski Asset Management Inc. now owns 40,785 shares of the company’s stock valued at $1,398,000 after acquiring an additional 2,455 shares in the last quarter. Silverlake Wealth Management LLC boosted its holdings in Capital Group Core Equity ETF by 5.1% in the third quarter. Silverlake Wealth Management LLC now owns 14,709 shares of the company’s stock worth $504,000 after purchasing an additional 719 shares in the last quarter. LongView Wealth Management increased its position in Capital Group Core Equity ETF by 84.4% during the third quarter. LongView Wealth Management now owns 37,735 shares of the company’s stock worth $1,294,000 after buying an additional 17,267 shares during the last quarter. Daymark Wealth Partners LLC bought a new position in Capital Group Core Equity ETF during the third quarter valued at about $269,000. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of Capital Group Core Equity ETF by 6.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 196,821 shares of the company’s stock worth $6,747,000 after buying an additional 11,460 shares during 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.