Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Sees Strong Trading Volume – Still a Buy?

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) saw unusually-high trading volume on Friday . Approximately 423,114 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 517,196 shares.The stock last traded at $26.42 and had previously closed at $26.30.

Capital Group International Focus Equity ETF Stock Performance

The stock’s 50 day simple moving average is $26.50 and its two-hundred day simple moving average is $26.06. The firm has a market capitalization of $2.45 billion, a PE ratio of 19.27 and a beta of 1.03.

Institutional Investors Weigh In On Capital Group International Focus Equity ETF

A number of hedge funds have recently modified their holdings of the company. 1620 Investment Advisors Inc. acquired a new position in Capital Group International Focus Equity ETF in the third quarter valued at approximately $27,000. Redmont Wealth Advisors LLC purchased a new position in shares of Capital Group International Focus Equity ETF during the 2nd quarter worth $28,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Capital Group International Focus Equity ETF by 566.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,526 shares of the company’s stock worth $39,000 after purchasing an additional 1,297 shares during the last quarter. Transcendent Capital Group LLC raised its holdings in Capital Group International Focus Equity ETF by 3,484.7% in the 2nd quarter. Transcendent Capital Group LLC now owns 3,047 shares of the company’s stock valued at $78,000 after buying an additional 2,962 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Capital Group International Focus Equity ETF in the second quarter valued at about $79,000.

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.