Sovran Advisors LLC Invests $2.85 Million in Capital Group Core Equity ETF (NYSEARCA:CGUS)

Sovran Advisors LLC acquired a new position in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 81,746 shares of the company’s stock, valued at approximately $2,845,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CGUS. LPL Financial LLC increased its holdings in shares of Capital Group Core Equity ETF by 35.7% during the 3rd quarter. LPL Financial LLC now owns 6,668,760 shares of the company’s stock worth $228,605,000 after buying an additional 1,755,050 shares during the last quarter. Summit Investment Advisory Services LLC acquired a new stake in Capital Group Core Equity ETF during the third quarter worth $20,687,000. Raymond James & Associates increased its stake in Capital Group Core Equity ETF by 18.2% during the third quarter. Raymond James & Associates now owns 2,611,991 shares of the company’s stock worth $89,539,000 after acquiring an additional 401,507 shares during the last quarter. Private Advisor Group LLC raised its position in Capital Group Core Equity ETF by 72.7% in the third quarter. Private Advisor Group LLC now owns 841,503 shares of the company’s stock valued at $28,865,000 after purchasing an additional 354,334 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Capital Group Core Equity ETF during the 3rd quarter worth $12,089,000.

Capital Group Core Equity ETF Trading Up 0.5 %

Shares of NYSEARCA:CGUS opened at $36.38 on Tuesday. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 26.52 and a beta of 0.96. Capital Group Core Equity ETF has a 12-month low of $29.14 and a 12-month high of $36.75. The business has a 50-day moving average price of $35.68 and a 200 day moving average price of $34.56.

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.