Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Sets New 1-Year High – Time to Buy?

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $33.44 and last traded at $33.41, with a volume of 102084 shares changing hands. The stock had previously closed at $32.53.

Capital Group International Focus Equity ETF Stock Up 3.1%

The stock’s 50-day simple moving average is $30.70 and its 200 day simple moving average is $30.64. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 17.44 and a beta of 0.93.

Institutional Trading of Capital Group International Focus Equity ETF

Several institutional investors have recently added to or reduced their stakes in CGXU. Sei Investments Co. raised its holdings in shares of Capital Group International Focus Equity ETF by 32.5% in the 2nd quarter. Sei Investments Co. now owns 1,346,418 shares of the company’s stock valued at $36,528,000 after buying an additional 330,454 shares during the period. Jane Street Group LLC grew its holdings in shares of Capital Group International Focus Equity ETF by 84.8% in the second quarter. Jane Street Group LLC now owns 478,812 shares of the company’s stock valued at $12,990,000 after purchasing an additional 219,662 shares in the last quarter. Bank of America Corp DE increased its stake in Capital Group International Focus Equity ETF by 14.7% during the 2nd quarter. Bank of America Corp DE now owns 1,574,420 shares of the company’s stock worth $42,714,000 after buying an additional 201,744 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in Capital Group International Focus Equity ETF by 114.4% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 59,646 shares of the company’s stock worth $1,618,000 after buying an additional 31,832 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in Capital Group International Focus Equity ETF by 2.0% during the 2nd quarter. MML Investors Services LLC now owns 1,005,152 shares of the company’s stock worth $27,270,000 after buying an additional 20,038 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.