Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Get Free Report) saw strong trading volume on Thursday . 1,636,374 shares changed hands during mid-day trading, an increase of 64% from the previous session’s volume of 998,024 shares.The stock last traded at $27.40 and had previously closed at $27.34.
Capital Group U.S. Multi-Sector Income ETF Stock Up 0.4%
The company has a market cap of $4.69 billion, a PE ratio of 10.71 and a beta of 0.29. The business has a 50-day simple moving average of $27.49 and a 200-day simple moving average of $27.59.
Institutional Trading of Capital Group U.S. Multi-Sector Income ETF
A number of large investors have recently modified their holdings of the stock. LPL Financial LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 30.8% in the fourth quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock valued at $424,432,000 after buying an additional 3,616,255 shares in the last quarter. Morgan Stanley boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 2.8% in the fourth quarter. Morgan Stanley now owns 6,699,298 shares of the company’s stock valued at $185,035,000 after purchasing an additional 183,781 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 44.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock valued at $149,281,000 after purchasing an additional 1,658,572 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 19.9% in the fourth quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock valued at $143,686,000 after purchasing an additional 863,369 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 25.2% in the fourth quarter. UBS Group AG now owns 4,413,157 shares of the company’s stock valued at $121,891,000 after purchasing an additional 888,212 shares in the last quarter.
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.
See Also
- Five stocks we like better than Capital Group U.S. Multi-Sector Income ETF
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
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.
