Beacon Pointe Advisors LLC Takes $4.29 Million Position in Capital Group Core Equity ETF $CGUS

Beacon Pointe Advisors LLC bought a new position in Capital Group Core Equity ETF (NYSEARCA:CGUS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 116,048 shares of the company’s stock, valued at approximately $4,286,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in Capital Group Core Equity ETF during the second quarter valued at about $40,000. First PREMIER Bank purchased a new stake in shares of Capital Group Core Equity ETF during the 2nd quarter worth about $83,000. Chilton Capital Management LLC grew its holdings in shares of Capital Group Core Equity ETF by 149.4% during the 2nd quarter. Chilton Capital Management LLC now owns 2,332 shares of the company’s stock worth $86,000 after purchasing an additional 1,397 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new stake in Capital Group Core Equity ETF during the 1st quarter worth approximately $124,000. Finally, West Michigan Advisors LLC acquired a new stake in Capital Group Core Equity ETF during the 2nd quarter worth approximately $205,000.

Capital Group Core Equity ETF Stock Up 0.4%

Shares of CGUS stock opened at $40.28 on Thursday. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 26.31 and a beta of 0.92. Capital Group Core Equity ETF has a fifty-two week low of $28.95 and a fifty-two week high of $40.80. The firm’s 50 day moving average price is $39.78 and its two-hundred day moving average price is $38.24.

Capital Group Core Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a dividend of $0.0925 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.37 annualized dividend and a dividend yield of 0.9%.

Capital Group Core Equity ETF 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.