Merit Financial Group LLC Invests $24.38 Million in Capital Group International Equity ETF $CGIE

Merit Financial Group LLC bought a new position in Capital Group International Equity ETF (NYSEARCA:CGIE) during the 3rd quarter, HoldingsChannel reports. The fund bought 722,975 shares of the company’s stock, valued at approximately $24,379,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its holdings in Capital Group International Equity ETF by 4.9% in the 2nd quarter. Venturi Wealth Management LLC now owns 1,320,878 shares of the company’s stock worth $43,483,000 after acquiring an additional 61,646 shares during the last quarter. Johnson Bixby & Associates LLC increased its position in shares of Capital Group International Equity ETF by 4.2% in the third quarter. Johnson Bixby & Associates LLC now owns 987,388 shares of the company’s stock valued at $33,295,000 after acquiring an additional 39,620 shares during the period. Cetera Investment Advisers raised its stake in shares of Capital Group International Equity ETF by 60.0% during the second quarter. Cetera Investment Advisers now owns 943,609 shares of the company’s stock valued at $31,064,000 after acquiring an additional 353,775 shares during the last quarter. LVW Advisors LLC boosted its holdings in shares of Capital Group International Equity ETF by 8.9% during the third quarter. LVW Advisors LLC now owns 717,550 shares of the company’s stock worth $24,196,000 after purchasing an additional 58,386 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of Capital Group International Equity ETF by 39.8% in the second quarter. Raymond James Financial Inc. now owns 613,238 shares of the company’s stock worth $20,188,000 after purchasing an additional 174,689 shares during the last quarter.

Capital Group International Equity ETF Price Performance

Shares of NYSEARCA:CGIE opened at $34.96 on Wednesday. Capital Group International Equity ETF has a 1 year low of $26.10 and a 1 year high of $35.11. The company has a market cap of $1.23 billion, a PE ratio of 20.85 and a beta of 0.62. The stock’s 50-day moving average is $34.37 and its 200 day moving average is $33.56.

Capital Group International Equity ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a $0.1341 dividend. This represents a dividend yield of 76.0%. The ex-dividend date was Friday, December 26th.

Capital Group International Equity ETF Company Profile

The Capital Group International Equity ETF (CGIE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of non-US companies. The objective centers on identifying companies believed to have the potential for growth. CGIE was launched on Sep 26, 2023 and is issued by Capital Group.