Swisher Financial Concepts Inc. Cuts Stock Position in Capital Group International Focus Equity ETF $CGXU

Swisher Financial Concepts Inc. cut its stake in shares of Capital Group International Focus Equity ETF (NYSEARCA:CGXU) by 55.9% in the first quarter, HoldingsChannel.com reports. The fund owned 82,576 shares of the company’s stock after selling 104,876 shares during the period. Capital Group International Focus Equity ETF makes up about 1.4% of Swisher Financial Concepts Inc.’s investment portfolio, making the stock its 18th biggest position. Swisher Financial Concepts Inc.’s holdings in Capital Group International Focus Equity ETF were worth $2,435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baron Wealth Management LLC acquired a new stake in shares of Capital Group International Focus Equity ETF in the first quarter valued at about $234,000. Nations Financial Group Inc. IA ADV raised its position in shares of Capital Group International Focus Equity ETF by 7.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 40,223 shares of the company’s stock worth $1,186,000 after purchasing an additional 2,750 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new position in shares of Capital Group International Focus Equity ETF during the 4th quarter worth about $3,109,000. Carter Financial LLC acquired a new position in shares of Capital Group International Focus Equity ETF during the 4th quarter worth about $286,000. Finally, Rockefeller Capital Management L.P. lifted its stake in Capital Group International Focus Equity ETF by 14.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 101,046 shares of the company’s stock valued at $2,986,000 after buying an additional 12,853 shares in the last quarter.

Capital Group International Focus Equity ETF Stock Performance

CGXU stock opened at $36.10 on Friday. Capital Group International Focus Equity ETF has a 12-month low of $26.08 and a 12-month high of $36.27. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 17.44 and a beta of 0.95. The business’s 50-day moving average is $33.42 and its 200 day moving average is $31.58.

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.