Apollon Wealth Management LLC Increases Stake in Capital Group Core Equity ETF $CGUS

Apollon Wealth Management LLC boosted its holdings in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) by 272.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 201,888 shares of the company’s stock after buying an additional 147,649 shares during the quarter. Apollon Wealth Management LLC’s holdings in Capital Group Core Equity ETF were worth $7,983,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank increased its position in shares of Capital Group Core Equity ETF by 4.0% during the first quarter. Comerica Bank now owns 11,769 shares of the company’s stock worth $393,000 after acquiring an additional 456 shares during the period. Baird Financial Group Inc. grew its stake in Capital Group Core Equity ETF by 7.0% during the 1st quarter. Baird Financial Group Inc. now owns 1,066,555 shares of the company’s stock worth $35,623,000 after purchasing an additional 69,784 shares in the last quarter. Titleist Asset Management LLC grew its stake in Capital Group Core Equity ETF by 7.8% during the 1st quarter. Titleist Asset Management LLC now owns 8,126 shares of the company’s stock worth $271,000 after purchasing an additional 586 shares in the last quarter. Certior Financial Group LLC increased its holdings in Capital Group Core Equity ETF by 3.9% during the 1st quarter. Certior Financial Group LLC now owns 23,173 shares of the company’s stock worth $774,000 after purchasing an additional 875 shares during the period. Finally, Royal Bank of Canada raised its position in Capital Group Core Equity ETF by 15.8% in the 1st quarter. Royal Bank of Canada now owns 1,974,705 shares of the company’s stock valued at $65,957,000 after purchasing an additional 269,972 shares in the last quarter.

Capital Group Core Equity ETF Stock Performance

Shares of CGUS opened at $40.60 on Friday. Capital Group Core Equity ETF has a 1 year low of $28.95 and a 1 year high of $40.80. The stock has a market capitalization of $7.83 billion, a PE ratio of 26.31 and a beta of 0.92. The stock has a 50-day simple moving average of $40.02 and a 200-day simple moving average of $38.84.

Capital Group Core Equity ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 26th will be issued a dividend of $0.1055 per share. This is a boost from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09. The ex-dividend date is Friday, December 26th. This represents a $0.42 annualized dividend and a yield of 1.0%.

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.