Merit Financial Group LLC Raises Holdings in Capital Group International Equity ETF $CGIE

Merit Financial Group LLC raised its stake in Capital Group International Equity ETF (NYSEARCA:CGIE) by 3.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 748,715 shares of the company’s stock after purchasing an additional 25,740 shares during the quarter. Merit Financial Group LLC’s holdings in Capital Group International Equity ETF were worth $26,070,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CGIE. Allworth Financial LP acquired a new position in shares of Capital Group International Equity ETF during the third quarter worth about $35,000. Harbor Investment Advisory LLC acquired a new stake in Capital Group International Equity ETF in the fourth quarter valued at approximately $42,000. CWM LLC raised its holdings in Capital Group International Equity ETF by 88.2% in the third quarter. CWM LLC now owns 1,451 shares of the company’s stock valued at $49,000 after acquiring an additional 680 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Capital Group International Equity ETF in the third quarter worth approximately $61,000. Finally, NewEdge Advisors LLC lifted its stake in Capital Group International Equity ETF by 42.2% in the second quarter. NewEdge Advisors LLC now owns 2,158 shares of the company’s stock worth $71,000 after acquiring an additional 640 shares during the last quarter.

Capital Group International Equity ETF Stock Down 0.6%

NYSEARCA CGIE opened at $35.82 on Friday. Capital Group International Equity ETF has a 52 week low of $28.80 and a 52 week high of $37.07. The stock has a market capitalization of $2.03 billion, a PE ratio of 20.85 and a beta of 0.70. The firm has a 50 day moving average of $35.17 and a two-hundred day moving average of $34.92.

Capital Group International Equity ETF Profile

The Capital Group International Equity ETF (CGIE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of non-US companies. The objective centers on identifying companies believed to have the potential for growth. CGIE was launched on Sep 26, 2023 and is issued by Capital Group.