Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Hits New 52-Week High – Here’s What Happened

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $32.72 and last traded at $32.56, with a volume of 245905 shares. The stock had previously closed at $32.02.

Capital Group International Focus Equity ETF Stock Up 1.3%

The company has a market cap of $5.54 billion, a PE ratio of 17.44 and a beta of 0.94. The business’s fifty day moving average is $30.73 and its 200-day moving average is $30.47.

Hedge Funds Weigh In On Capital Group International Focus Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its position in Capital Group International Focus Equity ETF by 7.2% in the third quarter. EverSource Wealth Advisors LLC now owns 511,251 shares of the company’s stock worth $15,143,000 after buying an additional 34,466 shares in the last quarter. Armstrong Fleming & Moore Inc increased its position in Capital Group International Focus Equity ETF by 2.7% in the fourth quarter. Armstrong Fleming & Moore Inc now owns 779,611 shares of the company’s stock worth $23,038,000 after buying an additional 20,588 shares in the last quarter. First National Corp MA ADV increased its position in Capital Group International Focus Equity ETF by 186.2% in the third quarter. First National Corp MA ADV now owns 35,614 shares of the company’s stock worth $1,062,000 after buying an additional 23,171 shares in the last quarter. Continuum Advisory LLC increased its position in Capital Group International Focus Equity ETF by 35.9% in the third quarter. Continuum Advisory LLC now owns 105,250 shares of the company’s stock worth $3,118,000 after buying an additional 27,820 shares in the last quarter. Finally, Cerity Partners LLC increased its position in Capital Group International Focus Equity ETF by 16.6% in the third quarter. Cerity Partners LLC now owns 4,173,527 shares of the company’s stock worth $123,620,000 after buying an additional 594,999 shares in the last quarter.

About Capital Group International Focus Equity ETF

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.