Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Shares Gap Down – Should You Sell?

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) 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 changing hands.

Capital Group International Focus Equity ETF Stock Performance

The stock’s fifty day simple moving average is $30.13 and its two-hundred day simple moving average is $28.78. The stock has a market capitalization of $4.24 billion, a P/E ratio of 17.44 and a beta of 0.92.

Capital Group International Focus Equity ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 26th will be given a $1.2734 dividend. This represents a yield of 856.0%. The ex-dividend date of this dividend is Friday, December 26th.

Hedge Funds Weigh In On Capital Group International Focus Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Roxbury Financial LLC purchased a new stake in shares of Capital Group International Focus Equity ETF during the 2nd quarter valued at $31,000. Cullen Frost Bankers Inc. bought a new position in Capital Group International Focus Equity ETF during the third quarter valued at about $35,000. IFP Advisors Inc increased its holdings in 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 buying an additional 627 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in Capital Group International Focus Equity ETF in the second quarter worth about $42,000. Finally, UMB Bank n.a. purchased a new position in Capital Group International Focus Equity ETF in the second quarter valued at about $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.