Cornerstone Wealth Management LLC Increases Holdings in Capital Group Core Equity ETF (CGUS)

Cornerstone Wealth Management LLC has increased its investment in the Capital Group Core Equity ETF (NYSEARCA:CGUS) by 4.8% during the third quarter of the year, as revealed in its latest 13F filing with the Securities and Exchange Commission. After acquiring an additional 501 shares, the institutional investor now owns a total of 10,968 shares of this ETF, which were valued at approximately $376,000 based on the latest SEC disclosures.

Aside from Cornerstone Wealth Management, several other large investors have also taken positions in CGUS recently. Notably, Comerica Bank has significantly boosted its stake by 83.3% during the first quarter, bringing its total holdings to 1,100 shares valued at around $34,000 following the acquisition of an additional 500 shares. Additionally, Clear Investment Research LLC entered the market with a new investment valued at $55,000, while Mather Group LLC purchased another new stake valued at $81,000. Thurston Springer Miller Herd & Titak Inc. also made a new investment worth $89,000 in the second quarter, and Crewe Advisors LLC invested $118,000 in the first quarter, highlighting a growing interest in the Capital Group Core Equity ETF from various institutional investors.

Capital Group Core Equity ETF Overview

The Capital Group Core Equity ETF (CGUS) primarily focuses on total market equity investments. It is actively managed to find companies with potential for growth in share prices and/or dividends. This ETF was launched on February 22, 2022, and is operated by Capital Group.

Price Performance of CGUS

As of the latest trading session, shares of Capital Group Core Equity ETF opened at $34.86. Over the past year, the stock has experienced a low of $24.19 and a high of $35.01. The firm has a market capitalization of approximately $2.88 billion, a price-to-earnings ratio of 26.52, and a beta value of 0.96. The fifty-day moving average for the stock is $33.71, while the 200-day moving average stands at $32.38, indicating stable performance in the current market.

Conclusion

The activity of Cornerstone Wealth Management LLC, along with other institutional investors' engagements, indicates a positive outlook towards the Capital Group Core Equity ETF. As the ETF continues to attract significant investments, investors may want to monitor its performance and assess its potential for future growth in the ever-evolving stock market.

Investment, ETFs, Finance