Envestnet Portfolio Solutions Inc. Sells 34,842 Shares of Capital Group Core Equity ETF $CGUS

Envestnet Portfolio Solutions Inc. trimmed its position in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 15.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 186,324 shares of the company’s stock after selling 34,842 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Core Equity ETF were worth $7,367,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp bought a new stake in shares of Capital Group Core Equity ETF in the 2nd quarter valued at about $40,000. Merit Financial Group LLC increased its holdings in Capital Group Core Equity ETF by 1,624.4% during the third quarter. Merit Financial Group LLC now owns 2,107,661 shares of the company’s stock valued at $83,337,000 after buying an additional 1,985,435 shares during the period. Aspire Growth Partners LLC raised its stake in Capital Group Core Equity ETF by 15.9% in the second quarter. Aspire Growth Partners LLC now owns 127,590 shares of the company’s stock worth $4,712,000 after buying an additional 17,482 shares in the last quarter. Beacon Pointe Advisors LLC bought a new position in Capital Group Core Equity ETF in the second quarter worth approximately $4,286,000. Finally, Apollon Wealth Management LLC lifted its holdings 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 buying an additional 147,649 shares during the period.

Capital Group Core Equity ETF Trading Up 0.1%

Shares of NYSEARCA:CGUS opened at $40.85 on Friday. Capital Group Core Equity ETF has a 12-month low of $28.95 and a 12-month high of $41.21. The business’s fifty day simple moving average is $40.29 and its 200-day simple moving average is $39.44. 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 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 paid a $0.1055 dividend. This represents a $0.42 annualized dividend and a yield of 1.0%. 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.

Capital Group Core Equity ETF Company 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.