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

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) shares saw strong trading volume on Monday . 806,935 shares were traded during trading, an increase of 22% from the previous session’s volume of 663,553 shares.The stock last traded at $29.5250 and had previously closed at $29.75.

Capital Group International Focus Equity ETF Stock Down 0.8%

The company’s fifty day simple moving average is $30.13 and its two-hundred day simple moving average is $28.79. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 17.44 and a beta of 0.92.

Capital Group International Focus Equity ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 26th will be issued a dividend of $1.2734 per share. The ex-dividend date is Friday, December 26th. This represents a yield of 856.0%.

Institutional Investors Weigh In On Capital Group International Focus Equity ETF

Several large investors have recently modified their holdings of the business. Roxbury Financial LLC bought a new position in Capital Group International Focus Equity ETF in the second quarter valued at approximately $31,000. IFP Advisors Inc raised its holdings in shares of Capital Group International Focus Equity ETF by 114.2% during the second quarter. IFP Advisors Inc now owns 1,176 shares of the company’s stock worth $32,000 after acquiring an additional 627 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Capital Group International Focus Equity ETF in the 3rd quarter valued at $35,000. Harbor Investment Advisory LLC acquired a new position in Capital Group International Focus Equity ETF in the 2nd quarter worth $42,000. Finally, UMB Bank n.a. acquired a new position in Capital Group International Focus Equity ETF in the 2nd quarter worth $45,000.

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.