Rubicon Advisors GP purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 113,505 shares of the company’s stock, valued at approximately $3,135,000. Capital Group U.S. Multi-Sector Income ETF accounts for about 2.9% of Rubicon Advisors GP’s portfolio, making the stock its 10th biggest position.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bogart Wealth LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $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. Marshall & Sterling Wealth Advisors Inc. boosted its position 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 buying an additional 477 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $31,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $53,000.
Capital Group U.S. Multi-Sector Income ETF Price Performance
CGMS stock opened at $27.47 on Friday. The company has a market cap of $4.69 billion, a P/E ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $27.01 and a twelve month high of $28.08. The business has a fifty day moving average of $27.51 and a 200-day moving average of $27.57.
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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