Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Hits New 12-Month Low – Time to Sell?

Shares of Capital Group International Focus Equity ETF (NYSEARCA:CGXU) hit a new 52-week low on Friday . The stock traded as low as $22.27 and last traded at $22.09, with a volume of 266999 shares. The stock had previously closed at $23.75.

Capital Group International Focus Equity ETF Stock Down 6.9 %

The firm has a market cap of $3.00 billion, a P/E ratio of 20.96 and a beta of 0.91. The business has a fifty day simple moving average of $25.58 and a 200-day simple moving average of $25.79.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CGXU. Mascagni Wealth Management Inc. purchased a new stake in Capital Group International Focus Equity ETF in the fourth quarter worth about $448,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Capital Group International Focus Equity ETF by 8.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 482,572 shares of the company’s stock worth $11,905,000 after buying an additional 37,326 shares during the last quarter. XY Planning Network Inc. purchased a new stake in shares of Capital Group International Focus Equity ETF in the 4th quarter worth approximately $268,000. Ameriflex Group Inc. bought a new stake in Capital Group International Focus Equity ETF in the fourth quarter worth $205,000. Finally, United Advisor Group LLC bought a new position in Capital Group International Focus Equity ETF in the 4th quarter worth about $1,527,000.

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.