Stonebridge Financial Group LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,590 shares of the company’s stock, valued at approximately $645,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Focus Partners Wealth bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 1st quarter valued at $1,048,000. NewEdge Advisors LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 85.1% during the second quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock worth $4,114,000 after acquiring an additional 68,484 shares in the last quarter. CLG LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 7.4% during the second quarter. CLG LLC now owns 47,423 shares of the company’s stock worth $1,310,000 after acquiring an additional 3,261 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 4.6% in the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock worth $11,006,000 after purchasing an additional 17,345 shares during the period. Finally, IHT Wealth Management LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the second quarter worth $230,000.
Capital Group U.S. Multi-Sector Income ETF Trading Up 0.4%
CGMS opened at $27.18 on Wednesday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.95 and a 1-year high of $28.08. The company has a market cap of $5.35 billion, a P/E ratio of 10.71 and a beta of 0.29. The company has a fifty day moving average price of $27.34 and a two-hundred day moving average price of $27.48.
Capital Group U.S. Multi-Sector Income ETF Profile
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.
Further Reading
- Five stocks we like better than Capital Group U.S. Multi-Sector Income ETF
- System Upgrade: First Internet Bancorp Options Surge
- AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push
- The AI Chip Blockade Is Creating a Shadow Market
- Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
Want to see what other hedge funds are holding CGMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report).
Receive News & Ratings for Capital Group U.S. Multi-Sector Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group U.S. Multi-Sector Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
