Capital Group International Core Equity ETF $CGIC Stock: Commonwealth Equity Services LLC Lowers Stake

Commonwealth Equity Services LLC cut its stake in Capital Group International Core Equity ETF (NYSEARCA:CGIC) by 19.8% in the third quarter, Holdings Channel reports. The institutional investor owned 1,712,228 shares of the company’s stock after selling 423,885 shares during the period. Commonwealth Equity Services LLC’s holdings in Capital Group International Core Equity ETF were worth $61,606,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in Capital Group International Core Equity ETF by 214.1% during the second quarter. Envestnet Asset Management Inc. now owns 3,745,663 shares of the company’s stock valued at $136,305,000 after acquiring an additional 2,553,197 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Capital Group International Core Equity ETF by 111.5% in the first quarter. Royal Bank of Canada now owns 1,733,573 shares of the company’s stock valued at $57,398,000 after acquiring an additional 914,088 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Capital Group International Core Equity ETF by 29.6% in the 3rd quarter. D.A. Davidson & CO. now owns 1,037,437 shares of the company’s stock worth $37,327,000 after acquiring an additional 236,699 shares during the last quarter. Johnson Bixby & Associates LLC lifted its holdings in shares of Capital Group International Core Equity ETF by 2.8% in the 3rd quarter. Johnson Bixby & Associates LLC now owns 885,378 shares of the company’s stock worth $31,856,000 after acquiring an additional 23,897 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Capital Group International Core Equity ETF by 44.6% during the 1st quarter. Cetera Investment Advisers now owns 827,453 shares of the company’s stock worth $27,397,000 after purchasing an additional 255,218 shares during the period.

Capital Group International Core Equity ETF Trading Up 0.1%

CGIC stock opened at $34.40 on Friday. Capital Group International Core Equity ETF has a 12 month low of $30.42 and a 12 month high of $37.48. The company has a 50-day moving average price of $35.94 and a 200 day moving average price of $35.56. The stock has a market cap of $2.52 billion, a PE ratio of 15.77 and a beta of 0.58.

Capital Group International Core Equity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a $0.1298 dividend. This is a decrease from Capital Group International Core Equity ETF’s previous quarterly dividend of $0.3460. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%.

Capital Group International Core Equity ETF Company Profile

The Capital Group International Core Equity ETF (CGIC) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking total returns by globally investing in companies, excluding those from the United States. CGIC was launched on Jun 25, 2024 and is issued by Capital Group.