UBS Group AG raised its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 25.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,413,157 shares of the company’s stock after buying an additional 888,212 shares during the quarter. UBS Group AG’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $121,891,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 33.0% in the 4th quarter. Sanctuary Advisors LLC now owns 304,745 shares of the company’s stock valued at $8,417,000 after acquiring an additional 75,644 shares in the last quarter. Live Oak Investment Partners acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $222,000. Concurrent Investment Advisors LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 92.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 457,239 shares of the company’s stock valued at $12,629,000 after acquiring an additional 220,265 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 29.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,463 shares of the company’s stock valued at $289,000 after acquiring an additional 2,358 shares in the last quarter. Finally, Schmidt P J Investment Management Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 7.2% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 36,955 shares of the company’s stock valued at $1,021,000 after acquiring an additional 2,498 shares in the last quarter.
Capital Group U.S. Multi-Sector Income ETF Price Performance
Shares of NYSEARCA:CGMS opened at $27.49 on Friday. The company’s 50 day simple moving average is $27.49 and its 200 day simple moving average is $27.64. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.88 and a 1 year high of $28.08.
Capital Group U.S. Multi-Sector Income ETF Increases Dividend
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
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