Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Sets New 52-Week High – Here’s Why

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.43 and last traded at $29.42, with a volume of 1162272 shares changing hands. The stock had previously closed at $29.29.

Capital Group International Focus Equity ETF Stock Up 0.4%

The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 17.44 and a beta of 0.94. The company’s 50-day moving average price is $27.74 and its 200-day moving average price is $26.26.

Capital Group International Focus Equity ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 30th were paid a dividend of $0.2944 per share. The ex-dividend date was Monday, June 30th.

Institutional Trading of Capital Group International Focus Equity ETF

A number of institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in Capital Group International Focus Equity ETF by 13.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,649,146 shares of the company’s stock valued at $187,251,000 after purchasing an additional 921,451 shares during the last quarter. LPL Financial LLC grew its holdings in shares of 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. raised its position in shares of Capital Group International Focus Equity ETF by 12.4% in the first quarter. Raymond James Financial Inc. now owns 4,906,682 shares of the company’s stock valued at $120,116,000 after buying an additional 542,063 shares during the last quarter. Royal Bank of Canada raised its position in shares of Capital Group International Focus Equity ETF by 5.2% in the first quarter. Royal Bank of Canada now owns 3,800,228 shares of the company’s stock valued at $93,030,000 after buying an additional 186,266 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Capital Group International Focus Equity ETF by 1.3% in the second quarter. Cerity Partners LLC now owns 3,578,528 shares of the company’s stock worth $97,085,000 after buying an additional 45,159 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.