Janney Montgomery Scott LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 102.4% during the first quarter, HoldingsChannel reports. The fund owned 621,055 shares of the company’s stock after acquiring an additional 314,205 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $16,911,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Arax Advisory Partners bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $27,000. Bogart Wealth LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $27,000. Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $53,000. Finally, Olistico Wealth LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $54,000.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.33 on Wednesday. The firm has a market cap of $4.67 billion, a P/E ratio of 10.71 and a beta of 0.29. The firm’s 50-day simple moving average is $27.48 and its 200-day simple moving average is $27.56. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $27.01 and a twelve month high of $28.08.
About Capital Group U.S. Multi-Sector Income ETF
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
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
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.
