Royal Bank of Canada grew its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 19.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,786,838 shares of the company’s stock after acquiring an additional 291,066 shares during the period. Royal Bank of Canada owned about 1.05% of Capital Group U.S. Multi-Sector Income ETF worth $48,656,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Arax Advisory Partners acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $27,000. Bogart Wealth LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $27,000. Flagship Harbor Advisors LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $53,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $76,000.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
CGMS stock opened at $27.00 on Monday. The company has a market capitalization of $5.30 billion, a PE ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.95 and a 12-month high of $28.08. The business’s fifty day moving average price is $27.35 and its 200 day moving average price is $27.49.
About Capital Group U.S. Multi-Sector Income ETF
The Capital Group U.S. Multi-Sector Income ETF (CGMS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income from an actively managed fund of US corporate debts with varying maturities and credit quality. CGMS was launched on Oct 25, 2022 and is managed by Capital Group.
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