Summit Investment Advisory Services LLC Takes Position in Capital Group International Focus Equity ETF $CGXU

Summit Investment Advisory Services LLC purchased a new position in shares of Capital Group International Focus Equity ETF (NYSEARCA:CGXU) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 36,303 shares of the company’s stock, valued at approximately $985,000. Capital Group International Focus Equity ETF accounts for approximately 0.4% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 26th biggest position.

Other institutional investors also recently bought and sold shares of the company. Pines Wealth Management LLC increased its stake in shares of Capital Group International Focus Equity ETF by 8.4% during the third quarter. Pines Wealth Management LLC now owns 40,780 shares of the company’s stock worth $1,208,000 after acquiring an additional 3,159 shares during the period. Aspire Growth Partners LLC lifted its holdings in shares of Capital Group International Focus Equity ETF by 2.5% in the 3rd quarter. Aspire Growth Partners LLC now owns 94,621 shares of the company’s stock valued at $2,803,000 after buying an additional 2,348 shares during the period. National Wealth Management Group LLC purchased a new stake in shares of Capital Group International Focus Equity ETF in the third quarter valued at approximately $217,000. Avantax Planning Partners Inc. acquired a new position in Capital Group International Focus Equity ETF during the third quarter worth $203,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Capital Group International Focus Equity ETF in the third quarter valued at $35,000.

Capital Group International Focus Equity ETF Stock Up 1.6%

Shares of CGXU opened at $31.89 on Wednesday. Capital Group International Focus Equity ETF has a 52-week low of $21.17 and a 52-week high of $31.98. The company has a 50-day simple moving average of $30.27 and a 200-day simple moving average of $29.38. The company has a market capitalization of $4.85 billion, a PE ratio of 17.44 and a beta of 0.92.

Capital Group International Focus Equity ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $1.2734 per share. This represents a yield of 856.0%. The ex-dividend date was Friday, December 26th.

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.