Janney Montgomery Scott LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 102.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 621,055 shares of the company’s stock after acquiring an additional 314,205 shares during the quarter. Janney Montgomery Scott LLC owned 0.37% of Capital Group U.S. Multi-Sector Income ETF worth $16,911,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of CGMS. Bogart Wealth LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $27,000. Arax Advisory Partners purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $27,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $53,000. Finally, Olistico Wealth LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at $54,000.
Capital Group U.S. Multi-Sector Income ETF Price Performance
CGMS opened at $27.33 on Wednesday. The company has a market capitalization of $4.67 billion, a PE ratio of 10.71 and a beta of 0.29. The business has a 50-day moving average of $27.48 and a 200-day moving average of $27.56. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $27.01 and a fifty-two 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.
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?
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.
