Gateway Wealth Partners LLC raised its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 484.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331,940 shares of the company’s stock after buying an additional 275,192 shares during the quarter. Gateway Wealth Partners LLC owned about 0.19% of Capital Group U.S. Multi-Sector Income ETF worth $9,039,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at about $27,000. Arax Advisory Partners bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $27,000. Flagship Harbor Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $53,000. Finally, Pittenger & Anderson Inc. bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $76,000.
Capital Group U.S. Multi-Sector Income ETF Price Performance
NYSEARCA CGMS opened at $27.09 on Monday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $27.01 and a 1 year high of $28.08. The stock has a market capitalization of $5.19 billion, a PE ratio of 10.71 and a beta of 0.29. The company’s 50 day simple moving average is $27.38 and its two-hundred day simple moving average is $27.51.
Capital Group U.S. Multi-Sector Income ETF Company 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.
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