Truist Financial Corp Boosts Stake in Capital Group Core Equity ETF $CGUS

Truist Financial Corp raised its stake in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 186,633 shares of the company’s stock after acquiring an additional 15,138 shares during the quarter. Truist Financial Corp owned approximately 0.11% of Capital Group Core Equity ETF worth $6,892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CGUS. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Capital Group Core Equity ETF by 10.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 681,280 shares of the company’s stock worth $22,755,000 after purchasing an additional 64,745 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Capital Group Core Equity ETF in the first quarter valued at $29,000. Oppenheimer & Co. Inc. increased its stake in shares of Capital Group Core Equity ETF by 12.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 11,225 shares of the company’s stock valued at $375,000 after acquiring an additional 1,200 shares during the last quarter. Cerity Partners LLC increased its position in Capital Group Core Equity ETF by 2.9% during the first quarter. Cerity Partners LLC now owns 31,173 shares of the company’s stock worth $1,041,000 after purchasing an additional 865 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of Capital Group Core Equity ETF by 8.5% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 210,620 shares of the company’s stock worth $7,035,000 after buying an additional 16,449 shares during the last quarter.

Capital Group Core Equity ETF Price Performance

Capital Group Core Equity ETF stock opened at $39.94 on Tuesday. Capital Group Core Equity ETF has a 12 month low of $28.95 and a 12 month high of $40.01. The stock’s 50-day moving average is $38.79 and its 200-day moving average is $36.17. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Cuts Dividend

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

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.