Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Reaches New 1-Year Low – What’s Next?

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $22.27 and last traded at $22.09, with a volume of 266999 shares. The stock had previously closed at $23.75.

Capital Group International Focus Equity ETF Stock Performance

The firm has a market cap of $2.99 billion, a P/E ratio of 20.96 and a beta of 0.91. The firm’s fifty day moving average is $25.66 and its 200 day moving average is $25.82.

Institutional Investors Weigh In On Capital Group International Focus Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in Capital Group International Focus Equity ETF in the 4th quarter worth about $27,000. Larson Financial Group LLC raised its position in shares of Capital Group International Focus Equity ETF by 18.6% in the fourth quarter. Larson Financial Group LLC now owns 2,550 shares of the company’s stock valued at $63,000 after buying an additional 400 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Capital Group International Focus Equity ETF by 81.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,806 shares of the company’s stock valued at $69,000 after buying an additional 1,258 shares during the period. 1620 Investment Advisors Inc. grew its position in Capital Group International Focus Equity ETF by 204.4% during the fourth quarter. 1620 Investment Advisors Inc. now owns 3,029 shares of the company’s stock worth $75,000 after buying an additional 2,034 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in Capital Group International Focus Equity ETF by 76.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,270 shares of the company’s stock worth $81,000 after acquiring an additional 1,417 shares during the period.

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.