JPMorgan Chase & Co. Acquires 264,636 Shares of Capital Group Core Equity ETF $CGUS

JPMorgan Chase & Co. boosted its stake in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 1,201.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,661 shares of the company’s stock after acquiring an additional 264,636 shares during the period. JPMorgan Chase & Co. owned 0.15% of Capital Group Core Equity ETF worth $11,309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position 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 buying an additional 810,149 shares during the period. Raymond James Financial Inc. increased its holdings in Capital Group Core Equity ETF by 8.6% in the 2nd quarter. Raymond James Financial Inc. now owns 5,668,346 shares of the company’s stock worth $209,332,000 after buying an additional 450,094 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Capital Group Core Equity ETF by 25.6% in the second quarter. Cetera Investment Advisers now owns 4,826,699 shares of the company’s stock worth $178,250,000 after acquiring an additional 983,350 shares during the period. Jones Financial Companies Lllp boosted its holdings 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 worth $188,737,000 after purchasing an additional 954,616 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Capital Group Core Equity ETF by 8.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,865,009 shares of the company’s stock worth $142,735,000 after acquiring an additional 312,926 shares during the period.

Capital Group Core Equity ETF Stock Down 0.5%

NYSEARCA CGUS opened at $40.37 on Friday. The company has a 50-day moving average price of $40.74 and a 200-day moving average price of $39.99. The firm has a market capitalization of $8.66 billion, a P/E ratio of 26.31 and a beta of 0.92. Capital Group Core Equity ETF has a 52 week low of $28.95 and a 52 week high of $41.38.

Capital Group Core Equity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.1055 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09.

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.