BNB Wealth Management LLC Makes New Investment in Capital Group Core Equity ETF $CGUS

BNB Wealth Management LLC bought a new position in Capital Group Core Equity ETF (NYSEARCA:CGUS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 141,567 shares of the company’s stock, valued at approximately $5,695,000. Capital Group Core Equity ETF makes up approximately 3.7% of BNB Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. BNB Wealth Management LLC owned about 0.07% of Capital Group Core Equity ETF at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CGUS. LPL Financial LLC grew its stake in Capital Group Core Equity ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 23,734,177 shares of the company’s stock valued at $954,826,000 after acquiring an additional 3,824,999 shares during the period. Raymond James Financial Inc. grew its stake in Capital Group Core Equity ETF by 24.0% in the third quarter. Raymond James Financial Inc. now owns 7,028,681 shares of the company’s stock valued at $277,914,000 after acquiring an additional 1,360,335 shares during the period. Morgan Stanley grew its stake in Capital Group Core Equity ETF by 9.7% in the fourth quarter. Morgan Stanley now owns 6,715,499 shares of the company’s stock valued at $270,165,000 after acquiring an additional 592,642 shares during the period. Capital International Investors boosted its position in shares of Capital Group Core Equity ETF by 1.1% during the fourth quarter. Capital International Investors now owns 6,046,805 shares of the company’s stock valued at $243,263,000 after buying an additional 68,441 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Capital Group Core Equity ETF by 7.6% during the fourth quarter. Cetera Investment Advisers now owns 5,940,417 shares of the company’s stock valued at $238,983,000 after buying an additional 417,787 shares during the last quarter.

Capital Group Core Equity ETF Stock Down 0.9%

Shares of NYSEARCA:CGUS opened at $43.81 on Thursday. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of 26.31 and a beta of 0.94. Capital Group Core Equity ETF has a 12-month low of $35.38 and a 12-month high of $44.60. The business’s 50 day moving average is $42.88 and its 200 day moving average is $41.15.

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.