Capital Group Core Equity ETF (NYSEARCA:CGUS) Reaches New 52-Week High – Time to Buy?

Capital Group Core Equity ETF (NYSEARCA:CGUS)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $34.47 and last traded at $34.44, with a volume of 143682 shares traded. The stock had previously closed at $34.26.

Capital Group Core Equity ETF Stock Performance

The firm has a market cap of $2.86 billion, a PE ratio of 26.52 and a beta of 0.96. The stock has a 50 day simple moving average of $33.34 and a two-hundred day simple moving average of $32.23.

Institutional Trading of Capital Group Core Equity ETF

A number of hedge funds have recently bought and sold shares of the business. Comerica Bank boosted its position in shares of Capital Group Core Equity ETF by 83.3% during the 1st quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares during the last quarter. Clear Investment Research LLC purchased a new stake in shares of Capital Group Core Equity ETF during the 1st quarter valued at approximately $55,000. Mather Group LLC. acquired a new position in Capital Group Core Equity ETF in the first quarter valued at approximately $81,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Capital Group Core Equity ETF in the second quarter worth approximately $89,000. Finally, Crewe Advisors LLC purchased a new stake in Capital Group Core Equity ETF in the first quarter valued at $118,000.

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.