Skyline Advisors Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 499,900 shares of the company’s stock after buying an additional 18,479 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF makes up about 4.8% of Skyline Advisors Inc.’s holdings, making the stock its 8th largest position. Skyline Advisors Inc. owned about 0.39% of Capital Group U.S. Multi-Sector Income ETF worth $13,872,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Marshall & Sterling Wealth Advisors Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 81.7% in the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after acquiring an additional 477 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the third quarter worth about $53,000. HHM Wealth Advisors LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at about $59,000. Financial Perspectives Inc lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 142.7% in the third quarter. Financial Perspectives Inc now owns 4,498 shares of the company’s stock valued at $125,000 after purchasing an additional 2,645 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $205,000.
Capital Group U.S. Multi-Sector Income ETF Price Performance
Shares of CGMS opened at $27.47 on Monday. The firm has a 50 day simple moving average of $27.72 and a 200-day simple moving average of $27.75. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.08. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34.
Capital Group U.S. Multi-Sector Income ETF Increases Dividend
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.
Further Reading
- Five stocks we like better than Capital Group U.S. Multi-Sector Income ETF
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
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.
