Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sets New 12-Month Low – Time to Sell?

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $26.95 and last traded at $26.96, with a volume of 1013669 shares traded. The stock had previously closed at $27.03.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.3%

The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The company’s 50 day simple moving average is $27.23 and its 200-day simple moving average is $27.40.

Institutional Trading of Capital Group U.S. Multi-Sector Income ETF

A number of hedge funds have recently bought and sold shares of CGMS. LPL Financial LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 30.8% in the 4th quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock worth $424,432,000 after acquiring an additional 3,616,255 shares during the period. Morgan Stanley lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% during the 4th quarter. Morgan Stanley now owns 6,699,298 shares of the company’s stock worth $185,035,000 after purchasing an additional 183,781 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 44.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock worth $149,281,000 after purchasing an additional 1,658,572 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 19.9% during the fourth quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock worth $143,686,000 after purchasing an additional 863,369 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% in the first quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock valued at $116,984,000 after purchasing an additional 646,551 shares during the period.

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.