Cullen Frost Bankers Inc. Raises Stock Position in Capital Group Core Equity ETF $CGUS

Cullen Frost Bankers Inc. grew its stake in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) by 19.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,439 shares of the company’s stock after acquiring an additional 18,014 shares during the period. Cullen Frost Bankers Inc.’s holdings in Capital Group Core Equity ETF were worth $4,406,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp purchased a new position in shares of Capital Group Core Equity ETF in the second quarter valued at $40,000. Merit Financial Group LLC grew its stake in Capital Group Core Equity ETF by 1,624.4% in the 3rd quarter. Merit Financial Group LLC now owns 2,107,661 shares of the company’s stock valued at $83,337,000 after acquiring an additional 1,985,435 shares during the last quarter. Aspire Growth Partners LLC increased its holdings in Capital Group Core Equity ETF by 15.9% during the 2nd quarter. Aspire Growth Partners LLC now owns 127,590 shares of the company’s stock valued at $4,712,000 after acquiring an additional 17,482 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new position in Capital Group Core Equity ETF during the 2nd quarter valued at about $4,286,000. Finally, Apollon Wealth Management LLC raised its position in Capital Group Core Equity ETF by 272.2% during the third quarter. Apollon Wealth Management LLC now owns 201,888 shares of the company’s stock worth $7,983,000 after acquiring an additional 147,649 shares during the last quarter.

Capital Group Core Equity ETF Price Performance

Shares of NYSEARCA CGUS opened at $40.85 on Monday. The firm’s 50-day moving average is $40.29 and its two-hundred day moving average is $39.46. The company has a market capitalization of $8.66 billion, a PE ratio of 26.31 and a beta of 0.92. Capital Group Core Equity ETF has a 12-month low of $28.95 and a 12-month high of $41.21.

Capital Group Core Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were 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 was Friday, December 26th. This represents a $0.42 dividend on an annualized basis and a yield of 1.0%.

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.