Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Reaches New 52-Week High – Still a Buy?

Capital Group International Focus Equity ETF (NYSEARCA:CGXU)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $28.34 and last traded at $28.35, with a volume of 438298 shares. The stock had previously closed at $27.80.

Capital Group International Focus Equity ETF Price Performance

The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 17.44 and a beta of 0.94. The stock has a 50-day moving average of $27.20 and a 200-day moving average of $25.98.

Institutional Investors Weigh In On Capital Group International Focus Equity ETF

A number of large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its position in Capital Group International Focus Equity ETF by 4.3% during the fourth quarter. Captrust Financial Advisors now owns 9,575,089 shares of the company’s stock worth $236,218,000 after buying an additional 390,774 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Capital Group International Focus Equity ETF by 13.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,649,146 shares of the company’s stock worth $187,251,000 after buying an additional 921,451 shares in the last quarter. LPL Financial LLC grew its position in Capital Group International Focus Equity ETF by 84.8% during the first quarter. LPL Financial LLC now owns 7,146,522 shares of the company’s stock worth $174,947,000 after buying an additional 3,279,773 shares in the last quarter. Raymond James Financial Inc. grew its position in Capital Group International Focus Equity ETF by 12.4% during the first quarter. Raymond James Financial Inc. now owns 4,906,682 shares of the company’s stock worth $120,116,000 after buying an additional 542,063 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Capital Group International Focus Equity ETF by 5.2% during the first quarter. Royal Bank of Canada now owns 3,800,228 shares of the company’s stock worth $93,030,000 after buying an additional 186,266 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.