Stephens Inc. AR Has $19.14 Million Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Stephens Inc. AR boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 3.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 703,100 shares of the company’s stock after purchasing an additional 20,574 shares during the quarter. Stephens Inc. AR’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $19,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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 shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth approximately $27,000. Flagship Harbor Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $53,000. Finally, Olistico Wealth LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $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 $27.38 on Monday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $27.01 and a 1 year high of $28.08. The company’s fifty day simple moving average is $27.46 and its 200-day simple moving average is $27.55. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29.

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.