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

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) saw strong trading volume on Friday . 423,114 shares traded hands during 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 firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 19.27 and a beta of 1.03. The company has a 50-day moving average price of $26.50 and a 200-day moving average price of $26.06.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors grew its position in shares of Capital Group International Focus Equity ETF by 8.5% during the first quarter. Captrust Financial Advisors now owns 7,850,958 shares of the company’s stock worth $202,398,000 after acquiring an additional 612,632 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group International Focus Equity ETF by 4.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,669,797 shares of the company’s stock worth $145,827,000 after purchasing an additional 245,418 shares during the period. Commonwealth Equity Services LLC increased its stake in Capital Group International Focus Equity ETF by 10.8% in the third quarter. Commonwealth Equity Services LLC now owns 2,989,928 shares of the company’s stock valued at $80,638,000 after purchasing an additional 291,145 shares during the period. Capital Group Private Client Services Inc. raised its holdings in shares of Capital Group International Focus Equity ETF by 4.0% in the first quarter. Capital Group Private Client Services Inc. now owns 2,869,401 shares of the company’s stock valued at $73,973,000 after buying an additional 109,815 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Capital Group International Focus Equity ETF by 11.5% in the third quarter. Raymond James & Associates now owns 2,169,378 shares of the company’s stock valued at $58,508,000 after buying an additional 223,899 shares during 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.