Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Reaches New 12-Month High – Here’s Why

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) shares reached a new 52-week high on Tuesday . The company traded as high as $35.96 and last traded at $35.92, with a volume of 55710 shares traded. The stock had previously closed at $35.80.

Capital Group International Focus Equity ETF Stock Down 0.2%

The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 17.44 and a beta of 0.95. The business’s 50-day moving average is $33.20 and its two-hundred day moving average is $31.51.

Hedge Funds Weigh In On Capital Group International Focus Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in Capital Group International Focus Equity ETF by 7.2% during the third quarter. EverSource Wealth Advisors LLC now owns 511,251 shares of the company’s stock worth $15,143,000 after purchasing an additional 34,466 shares during the period. Armstrong Fleming & Moore Inc raised its stake in Capital Group International Focus Equity ETF by 2.7% during the fourth quarter. Armstrong Fleming & Moore Inc now owns 779,611 shares of the company’s stock worth $23,038,000 after purchasing an additional 20,588 shares during the period. Wealthcare Advisory Partners LLC raised its stake in Capital Group International Focus Equity ETF by 24.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 617,695 shares of the company’s stock worth $18,253,000 after purchasing an additional 120,978 shares during the period. Assetmark Inc. raised its stake in Capital Group International Focus Equity ETF by 157.6% during the fourth quarter. Assetmark Inc. now owns 49,244 shares of the company’s stock worth $1,455,000 after purchasing an additional 30,131 shares during the period. Finally, HUB Investment Partners LLC raised its stake in Capital Group International Focus Equity ETF by 11.5% during the third quarter. HUB Investment Partners LLC now owns 256,160 shares of the company’s stock worth $7,587,000 after purchasing an additional 26,485 shares during the period.

Capital Group International Focus Equity ETF Company Profile

The Capital Group International Focus Equity ETF (CGXU) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in stocks of non-US companies that the adviser believes have high growth potential. CGXU was launched on Feb 22, 2022 and is managed by Capital Group.