Capital Group Core Equity ETF (NYSEARCA:CGUS) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) saw an uptick in trading volume on Tuesday . 2,497,854 shares traded hands during mid-day trading, an increase of 110% from the previous session’s volume of 1,187,956 shares.The stock last traded at $38.68 and had previously closed at $38.93.

Capital Group Core Equity ETF Trading Down 0.5%

The company has a market cap of $8.84 billion, a P/E ratio of 26.31 and a beta of 0.92. The business’s fifty day moving average is $39.97 and its 200 day moving average is $40.04.

Institutional Investors Weigh In On Capital Group Core Equity ETF

A number of hedge funds have recently modified their holdings of the stock. LPL Financial LLC raised its holdings in shares of Capital Group Core Equity ETF by 19.2% in the 4th quarter. LPL Financial LLC now owns 23,734,177 shares of the company’s stock worth $954,826,000 after purchasing an additional 3,824,999 shares during the period. 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 worth $440,377,000 after purchasing an additional 810,149 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Capital Group Core Equity ETF by 4.0% in the 4th quarter. Raymond James Financial Inc. now owns 7,308,251 shares of the company’s stock worth $294,011,000 after purchasing an additional 279,570 shares during the period. Morgan Stanley raised its holdings in shares of Capital Group Core Equity ETF by 9.7% in the 4th quarter. Morgan Stanley now owns 6,715,499 shares of the company’s stock worth $270,165,000 after purchasing an additional 592,642 shares during the period. Finally, Capital International Investors raised its holdings in shares of Capital Group Core Equity ETF by 1.1% in the 4th quarter. Capital International Investors now owns 6,046,805 shares of the company’s stock worth $243,263,000 after purchasing an additional 68,441 shares during the period.

Capital Group Core Equity ETF Company 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.