Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Hits New 1-Year High – Here’s Why

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $33.75 and last traded at $33.71, with a volume of 519222 shares changing hands. The stock had previously closed at $33.56.

Capital Group International Focus Equity ETF Stock Performance

The stock has a market cap of $5.83 billion, a P/E ratio of 17.44 and a beta of 0.93. The stock’s fifty day simple moving average is $31.18 and its 200-day simple moving average is $30.86.

Institutional Trading of Capital Group International Focus Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in CGXU. LPL Financial LLC lifted its holdings in shares of Capital Group International Focus Equity ETF by 20.6% during the 4th quarter. LPL Financial LLC now owns 13,849,090 shares of the company’s stock worth $409,241,000 after acquiring an additional 2,364,368 shares during the period. Summit Investment Advisory Services LLC increased its position in Capital Group International Focus Equity ETF by 2,182.9% in the 1st quarter. Summit Investment Advisory Services LLC now owns 850,782 shares of the company’s stock valued at $25,090,000 after acquiring an additional 813,514 shares during the period. Bank of America Corp DE increased its position in Capital Group International Focus Equity ETF by 35.3% in the 1st quarter. Bank of America Corp DE now owns 2,854,990 shares of the company’s stock valued at $84,194,000 after acquiring an additional 744,144 shares during the period. Aprio Wealth Management LLC boosted its stake in shares of Capital Group International Focus Equity ETF by 133.8% in the 4th quarter. Aprio Wealth Management LLC now owns 1,255,985 shares of the company’s stock valued at $37,114,000 after purchasing an additional 718,702 shares during the last quarter. Finally, Inspirion Wealth Advisors LLC boosted its stake in shares of Capital Group International Focus Equity ETF by 38.5% in the 4th quarter. Inspirion Wealth Advisors LLC now owns 1,890,344 shares of the company’s stock valued at $55,860,000 after purchasing an additional 525,838 shares during the last quarter.

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.