International Assets Investment Management LLC grew its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 44.2% during the first quarter, HoldingsChannel reports. The firm owned 68,245 shares of the company’s stock after buying an additional 20,920 shares during the quarter. International Assets Investment Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,862,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Bogart Wealth LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $27,000. Arax Advisory Partners acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $27,000. Flagship Harbor Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $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 fourth quarter valued at about $53,000. Finally, Olistico Wealth LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at about $54,000.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
Shares of NYSEARCA:CGMS opened at $27.28 on Monday. The company has a market cap of $5.20 billion, a P/E ratio of 10.71 and a beta of 0.29. The stock’s 50-day moving average is $27.43 and its 200-day moving average is $27.54. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $27.01 and a 52-week high of $28.08.
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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