Kovack Advisors Inc. Buys New Shares in Capital Group Core Equity ETF (NYSEARCA:CGUS)

Kovack Advisors Inc. bought a new position in shares of Capital Group Core Equity ETF (NYSEARCA:CGUS) during the 4th quarter, Holdings Channel.com reports. The firm bought 6,853 shares of the company’s stock, valued at approximately $240,000.

A number of other hedge funds have also recently added to or reduced their stakes in CGUS. Stonebridge Financial Group LLC purchased a new position in shares of Capital Group Core Equity ETF during the 4th quarter worth about $41,000. Geneos Wealth Management Inc. raised its stake in Capital Group Core Equity ETF by 111.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,173 shares of the company’s stock worth $76,000 after purchasing an additional 1,143 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Capital Group Core Equity ETF by 944.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,934 shares of the company’s stock valued at $101,000 after purchasing an additional 2,653 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of Capital Group Core Equity ETF during the 4th quarter valued at $105,000. Finally, IFP Advisors Inc increased its holdings in shares of Capital Group Core Equity ETF by 19.9% during the 4th quarter. IFP Advisors Inc now owns 3,122 shares of the company’s stock worth $109,000 after buying an additional 518 shares during the last quarter.

Capital Group Core Equity ETF Trading Up 1.4 %

Shares of CGUS opened at $35.28 on Friday. Capital Group Core Equity ETF has a twelve month low of $29.63 and a twelve month high of $36.75. The firm has a market capitalization of $4.93 billion, a P/E ratio of 26.66 and a beta of 0.93. The stock’s fifty day simple moving average is $35.72 and its 200 day simple moving average is $34.90.

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.