Rubicon Advisors GP Purchases Shares of 113,505 Capital Group U.S. Multi-Sector Income ETF $CGMS

Rubicon Advisors GP acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,505 shares of the company’s stock, valued at approximately $3,135,000. Capital Group U.S. Multi-Sector Income ETF comprises about 2.9% of Rubicon Advisors GP’s holdings, making the stock its 10th biggest holding. Rubicon Advisors GP owned approximately 0.08% of Capital Group U.S. Multi-Sector Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Blueprint Investment Partners LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth approximately $707,000. D.A. Davidson & CO. raised its position in Capital Group U.S. Multi-Sector Income ETF by 9.1% in the 4th quarter. D.A. Davidson & CO. now owns 225,710 shares of the company’s stock valued at $6,234,000 after purchasing an additional 18,758 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Capital Group U.S. Multi-Sector Income ETF by 43.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock valued at $4,887,000 after purchasing an additional 53,998 shares during the last quarter. Bouvel Investment Partners LLC boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 9.5% in the fourth quarter. Bouvel Investment Partners LLC now owns 231,976 shares of the company’s stock worth $6,407,000 after purchasing an additional 20,104 shares in the last quarter. Finally, Capital Advantage Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 6.4% in the fourth quarter. Capital Advantage Inc. now owns 2,308,168 shares of the company’s stock worth $63,752,000 after purchasing an additional 138,954 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Performance

Shares of CGMS stock opened at $27.47 on Friday. The stock’s fifty day moving average is $27.51 and its 200-day moving average is $27.57. The stock has a market capitalization of $4.69 billion, a PE ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $27.01 and a 52 week 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.