IFP Advisors Inc Grows Stake in Capital Group Core Equity ETF $CGUS

IFP Advisors Inc increased its holdings in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 4.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 398,116 shares of the company’s stock after buying an additional 17,665 shares during the period. IFP Advisors Inc owned 0.21% of Capital Group Core Equity ETF worth $15,742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CGUS. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Core Equity ETF by 7.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,137,498 shares of the company’s stock valued at $440,377,000 after acquiring an additional 810,149 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Capital Group Core Equity ETF by 24.0% in the third quarter. Raymond James Financial Inc. now owns 7,028,681 shares of the company’s stock worth $277,914,000 after purchasing an additional 1,360,335 shares during the last quarter. Capital International Investors raised its stake in Capital Group Core Equity ETF by 17,866.5% in the third quarter. Capital International Investors now owns 5,978,364 shares of the company’s stock valued at $236,385,000 after purchasing an additional 5,945,089 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Capital Group Core Equity ETF by 24.8% in the third quarter. Jones Financial Companies Lllp now owns 4,799,841 shares of the company’s stock valued at $188,737,000 after purchasing an additional 954,616 shares in the last quarter. Finally, Capital Group Private Client Services Inc. lifted its position in Capital Group Core Equity ETF by 3.2% during the third quarter. Capital Group Private Client Services Inc. now owns 4,555,109 shares of the company’s stock valued at $180,109,000 after purchasing an additional 142,694 shares during the last quarter.

Capital Group Core Equity ETF Price Performance

CGUS stock opened at $39.04 on Thursday. The firm has a 50 day simple moving average of $40.59 and a two-hundred day simple moving average of $40.08. The stock has a market cap of $8.38 billion, a PE ratio of 26.31 and a beta of 0.92. Capital Group Core Equity ETF has a one year low of $28.95 and a one year high of $41.38.

Capital Group Core Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a $0.1055 dividend. This represents a $0.42 annualized dividend and a yield of 1.1%. This is a boost from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, December 26th.

Capital Group Core Equity ETF 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.