Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Reaches New 1-Year High – Here’s Why

Capital Group International Focus Equity ETF (NYSEARCA:CGXU)’s stock price reached a new 52-week high on Monday . The company traded as high as $32.24 and last traded at $32.1950, with a volume of 670442 shares. The stock had previously closed at $31.62.

Capital Group International Focus Equity ETF Stock Up 1.7%

The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 17.44 and a beta of 0.92. The company’s 50-day moving average price is $30.65 and its 200-day moving average price is $29.65.

Capital Group International Focus Equity ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $1.2734 dividend. This represents a yield of 856.0%. The ex-dividend date was Friday, December 26th.

Hedge Funds Weigh In On Capital Group International Focus Equity ETF

A number of hedge funds have recently made changes to their positions in CGXU. Integrity Advisory Solutions LLC grew its position in shares of Capital Group International Focus Equity ETF by 16.2% in the fourth quarter. Integrity Advisory Solutions LLC now owns 11,301 shares of the company’s stock valued at $334,000 after purchasing an additional 1,577 shares in the last quarter. Bleakley Financial Group LLC lifted its position in Capital Group International Focus Equity ETF by 3.5% during the fourth quarter. Bleakley Financial Group LLC now owns 451,186 shares of the company’s stock worth $13,333,000 after buying an additional 15,367 shares in the last quarter. Harbour Investments Inc. boosted its stake in Capital Group International Focus Equity ETF by 10.3% during the fourth quarter. Harbour Investments Inc. now owns 133,214 shares of the company’s stock worth $3,936,000 after buying an additional 12,459 shares during the last quarter. Clearstead Trust LLC purchased a new stake in Capital Group International Focus Equity ETF in the 4th quarter valued at $683,000. Finally, Kuhn & Co Investment Counsel increased its stake in shares of Capital Group International Focus Equity ETF by 10.1% in the 4th quarter. Kuhn & Co Investment Counsel now owns 37,384 shares of the company’s stock worth $1,105,000 after acquiring an additional 3,437 shares during the last quarter.

Capital Group International Focus Equity ETF Company Profile

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.