Capital Group Core Equity ETF $CGUS is Summit Investment Advisory Services LLC’s 3rd Largest Position

Summit Investment Advisory Services LLC raised its holdings in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 703,784 shares of the company’s stock after acquiring an additional 32,736 shares during the period. Capital Group Core Equity ETF makes up 11.1% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 3rd largest position. Summit Investment Advisory Services LLC owned about 0.36% of Capital Group Core Equity ETF worth $27,828,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Hunter Associates Investment Management LLC increased its position in shares of Capital Group Core Equity ETF by 1.5% in the third quarter. Hunter Associates Investment Management LLC now owns 16,550 shares of the company’s stock worth $653,000 after purchasing an additional 250 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in shares of Capital Group Core Equity ETF by 1.1% in the 3rd quarter. Belpointe Asset Management LLC now owns 24,826 shares of the company’s stock worth $982,000 after buying an additional 259 shares during the last quarter. VestGen Investment Management increased its holdings in shares of Capital Group Core Equity ETF by 1.8% in the 2nd quarter. VestGen Investment Management now owns 15,678 shares of the company’s stock worth $579,000 after buying an additional 276 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of Capital Group Core Equity ETF by 28.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,285 shares of the company’s stock valued at $51,000 after buying an additional 285 shares in the last quarter. Finally, CWS Financial Advisors LLC lifted its holdings in shares of Capital Group Core Equity ETF by 0.7% during the 3rd quarter. CWS Financial Advisors LLC now owns 40,875 shares of the company’s stock worth $1,616,000 after acquiring an additional 294 shares during the last quarter.

Capital Group Core Equity ETF Stock Performance

Shares of NYSEARCA:CGUS opened at $40.40 on Friday. The firm has a market capitalization of $8.67 billion, a PE ratio of 26.31 and a beta of 0.92. Capital Group Core Equity ETF has a 52-week low of $28.95 and a 52-week high of $41.38. The firm has a fifty day moving average of $40.61 and a 200 day moving average of $39.75.

Capital Group Core Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a dividend of $0.1055 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09.

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.