NewEdge Advisors LLC Buys 61,215 Shares of Capital Group Core Equity ETF $CGUS

NewEdge Advisors LLC raised its stake in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,196,622 shares of the company’s stock after buying an additional 61,215 shares during the quarter. NewEdge Advisors LLC’s holdings in Capital Group Core Equity ETF were worth $53,226,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Bayban purchased a new stake in shares of Capital Group Core Equity ETF during the first quarter valued at about $61,000. CoreCap Advisors LLC grew its position in shares of Capital Group Core Equity ETF by 38.8% in the 2nd quarter. CoreCap Advisors LLC now owns 1,530 shares of the company’s stock worth $68,000 after buying an additional 428 shares during the last quarter. Miller Capital Partners Inc. bought a new position in shares of Capital Group Core Equity ETF during the 4th quarter worth approximately $86,000. Birchwood Financial Partners Inc. bought a new position in shares of Capital Group Core Equity ETF during the 4th quarter worth approximately $127,000. Finally, Clarity Asset Management Inc. bought a new position in shares of Capital Group Core Equity ETF during the 4th quarter worth approximately $147,000.

Capital Group Core Equity ETF Stock Down 0.4%

NYSEARCA:CGUS opened at $44.99 on Wednesday. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93. Capital Group Core Equity ETF has a 52 week low of $37.19 and a 52 week high of $46.80. The firm has a 50 day moving average of $44.92 and a 200 day moving average of $42.90.

Capital Group Core Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.0833 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.7%.

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.