Capital Group Core Equity ETF $CGUS Stock Purchased by Wealth Group Ltd

Wealth Group Ltd increased its position in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) by 633.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,154 shares of the company’s stock after purchasing an additional 71,811 shares during the period. Capital Group Core Equity ETF accounts for about 0.7% of Wealth Group Ltd’s holdings, making the stock its 16th biggest holding. Wealth Group Ltd’s holdings in Capital Group Core Equity ETF were worth $3,737,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CGUS. MCF Advisors LLC acquired a new position in Capital Group Core Equity ETF in the 2nd quarter valued at about $37,000. CoreCap Advisors LLC increased its holdings in shares of Capital Group Core Equity ETF by 38.8% during 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. Bayban purchased a new stake in shares of Capital Group Core Equity ETF during the 1st quarter valued at approximately $61,000. Birchwood Financial Partners Inc. acquired a new position in Capital Group Core Equity ETF in the fourth quarter valued at approximately $127,000. Finally, Clarity Asset Management Inc. purchased a new position in Capital Group Core Equity ETF in the fourth quarter worth approximately $147,000.

Capital Group Core Equity ETF Trading Down 0.2%

CGUS stock traded down $0.10 during midday trading on Wednesday, hitting $45.46. 424,505 shares of the company’s stock were exchanged, compared to its average volume of 1,135,550. The business has a 50-day simple moving average of $45.08 and a two-hundred day simple moving average of $43.52. The stock has a market capitalization of $12.17 billion, a PE ratio of 26.31 and a beta of 0.93. Capital Group Core Equity ETF has a 1-year low of $37.19 and a 1-year high of $46.80.

Capital Group Core Equity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.0901 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Capital Group Core Equity ETF’s previous quarterly dividend of $0.0833.

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.