Northwestern Mutual Wealth Management Co. Sells 4,062,265 Shares of Capital Group Core Equity ETF $CGUS

Northwestern Mutual Wealth Management Co. reduced its position in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) by 98.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 82,436 shares of the company’s stock after selling 4,062,265 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Core Equity ETF were worth $3,316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CGUS. AQR Capital Management LLC bought a new stake in shares of Capital Group Core Equity ETF during the first quarter worth about $527,000. Focus Partners Wealth grew its holdings in shares of Capital Group Core Equity ETF by 314.0% during the first quarter. Focus Partners Wealth now owns 9,484 shares of the company’s stock worth $317,000 after purchasing an additional 7,193 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Capital Group Core Equity ETF by 33.8% during the second quarter. Sei Investments Co. now owns 1,338,685 shares of the company’s stock worth $49,438,000 after purchasing an additional 338,456 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Capital Group Core Equity ETF by 8.6% during the second quarter. Raymond James Financial Inc. now owns 5,668,346 shares of the company’s stock worth $209,332,000 after purchasing an additional 450,094 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Capital Group Core Equity ETF by 11.6% during the second quarter. Jane Street Group LLC now owns 160,000 shares of the company’s stock worth $5,909,000 after purchasing an additional 16,646 shares during the last quarter.

Capital Group Core Equity ETF Stock Performance

NYSEARCA:CGUS opened at $43.70 on Monday. The stock has a market cap of $10.49 billion, a P/E ratio of 26.31 and a beta of 0.94. The stock’s 50-day moving average is $41.04 and its 200-day moving average is $40.63. Capital Group Core Equity ETF has a 1-year low of $34.15 and a 1-year high of $44.05.

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.