Ergawealth Advisors Inc. Purchases 131,412 Shares of Capital Group Core Equity ETF $CGUS

Ergawealth Advisors Inc. lifted its position in Capital Group Core Equity ETF (NYSEARCA:CGUS) by 384.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,554 shares of the company’s stock after purchasing an additional 131,412 shares during the quarter. Capital Group Core Equity ETF accounts for 3.0% of Ergawealth Advisors Inc.’s portfolio, making the stock its 13th largest position. Ergawealth Advisors Inc. owned about 0.09% of Capital Group Core Equity ETF worth $6,546,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CGUS. Envestnet Asset Management Inc. raised its stake in shares of Capital Group Core Equity ETF by 13.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,327,349 shares of the company’s stock valued at $381,389,000 after buying an additional 1,238,324 shares in the last quarter. Raymond James Financial Inc. increased its stake in Capital Group Core Equity ETF by 8.6% in the second quarter. Raymond James Financial Inc. now owns 5,668,346 shares of the company’s stock valued at $209,332,000 after acquiring an additional 450,094 shares during the period. Jones Financial Companies Lllp raised its position in Capital Group Core Equity ETF by 176.1% in the first quarter. Jones Financial Companies Lllp now owns 4,833,131 shares of the company’s stock worth $169,514,000 after purchasing an additional 3,082,374 shares in the last quarter. Cetera Investment Advisers raised its position in Capital Group Core Equity ETF by 25.6% in the second quarter. Cetera Investment Advisers now owns 4,826,699 shares of the company’s stock worth $178,250,000 after purchasing an additional 983,350 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Capital Group Core Equity ETF by 8.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,865,009 shares of the company’s stock worth $142,735,000 after purchasing an additional 312,926 shares during the period.

Capital Group Core Equity ETF Trading Down 0.2%

CGUS stock opened at $40.52 on Tuesday. Capital Group Core Equity ETF has a 1-year low of $28.95 and a 1-year high of $40.80. The business’s 50 day moving average is $40.04 and its 200-day moving average is $38.89. The firm has a market cap of $7.82 billion, a P/E ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a dividend of $0.1055 per share. This is an increase from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, December 26th.

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.