The Capital Group Core Equity ETF (CGUS) experienced a significant outflow of approximately $285.8 million, equating to a 3.1% decrease in shares outstanding from 223.2 million to 216.2 million. This data was reported for the week ending today.
At present, CGUS is trading at $40.90 per share, with a 52-week range of $28.95 to $41.38. Notably, among CGUS’s largest components, Blackrock Inc (BLK) is up 0.5%, while Vertex Pharmaceuticals, Inc. (VRTX) and Automatic Data Processing Inc. (ADP) are down 1.6% and 2.1%, respectively.
As a reminder, ETFs trade like stocks, with “units” being created or destroyed based on investor demand, impacting the underlying holdings.
