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

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

Capital Group International Focus Equity ETF Stock Performance

The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 20.96 and a beta of 0.91. The business has a 50 day simple moving average of $25.58 and a 200-day simple moving average of $25.79.

Institutional Investors Weigh In On Capital Group International Focus Equity ETF

Several large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted 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 purchasing an additional 390,774 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Capital Group International Focus Equity ETF by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,753,043 shares of the company’s stock valued at $141,928,000 after buying an additional 167,675 shares in the last quarter. Raymond James Financial Inc. bought a new position in Capital Group International Focus Equity ETF in the 4th quarter worth approximately $107,675,000. LPL Financial LLC grew its stake in Capital Group International Focus Equity ETF by 64.0% in the 4th quarter. LPL Financial LLC now owns 3,866,749 shares of the company’s stock valued at $95,393,000 after buying an additional 1,508,414 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Capital Group International Focus Equity ETF by 1.6% during the 4th quarter. Royal Bank of Canada now owns 3,613,962 shares of the company’s stock valued at $89,157,000 after acquiring an additional 57,685 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.