Stonebridge Financial Group LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,590 shares of the company’s stock, valued at approximately $645,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bogart Wealth LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $27,000. Arax Advisory Partners acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $27,000. Flagship Harbor Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $53,000. Finally, CX Institutional bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter worth approximately $68,000.
Capital Group U.S. Multi-Sector Income ETF Stock Up 0.4%
CGMS stock opened at $27.18 on Wednesday. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The company’s fifty day simple moving average is $27.34 and its 200 day simple moving average is $27.48. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.95 and a 12-month high of $28.08.
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.
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