Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Shares Gap Down – Here’s What Happened

Capital Group International Focus Equity ETF (NYSEARCA:CGXU)’s share price gapped down prior to trading on Friday . The stock had previously closed at $30.79, but opened at $29.69. Capital Group International Focus Equity ETF shares last traded at $29.6240, with a volume of 40,917 shares trading hands.

Capital Group International Focus Equity ETF Price Performance

The stock has a market cap of $4.22 billion, a P/E ratio of 17.44 and a beta of 0.92. The business’s fifty day moving average price is $30.14 and its 200 day moving average price is $28.74.

Capital Group International Focus Equity ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 26th will be given a $1.2734 dividend. The ex-dividend date is Friday, December 26th. This represents a yield of 859.0%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CGXU. Worth Financial Advisory Group LLC grew its position in shares of Capital Group International Focus Equity ETF by 6.7% during the 2nd quarter. Worth Financial Advisory Group LLC now owns 160,864 shares of the company’s stock worth $4,364,000 after buying an additional 10,097 shares during the period. Farther Finance Advisors LLC bought a new position in Capital Group International Focus Equity ETF during the second quarter worth $86,000. Willow Creek Wealth Management Inc. acquired a new stake in Capital Group International Focus Equity ETF in the second quarter worth $212,000. Assetmark Inc. bought a new position in shares of Capital Group International Focus Equity ETF during the 2nd quarter worth about $64,000. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Capital Group International Focus Equity ETF by 11.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 95,199 shares of the company’s stock valued at $2,583,000 after buying an additional 9,940 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.