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

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) shares saw unusually-strong trading volume on Friday . Approximately 423,114 shares traded hands 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 Trading Down 0.2 %

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

Hedge Funds Weigh In On Capital Group International Focus Equity ETF

Institutional investors have recently bought and sold shares of the business. Souders Financial Advisors raised its stake in shares of Capital Group International Focus Equity ETF by 3.6% during the 2nd quarter. Souders Financial Advisors now owns 474,830 shares of the company’s stock valued at $12,213,000 after buying an additional 16,279 shares during the last quarter. Spire Wealth Management lifted its holdings in Capital Group International Focus Equity ETF by 2.3% in the second quarter. Spire Wealth Management now owns 33,956 shares of the company’s stock valued at $873,000 after acquiring an additional 763 shares during the period. Tocqueville Asset Management L.P. boosted its position in Capital Group International Focus Equity ETF by 128.3% in the 1st quarter. Tocqueville Asset Management L.P. now owns 25,883 shares of the company’s stock worth $667,000 after purchasing an additional 14,546 shares in the last quarter. First Heartland Consultants Inc. acquired a new stake in shares of Capital Group International Focus Equity ETF during the 2nd quarter worth approximately $212,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Capital Group International Focus Equity ETF by 8.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 744,792 shares of the company’s stock valued at $19,156,000 after purchasing an additional 56,998 shares in the last quarter.

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.