Harbour Investments Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 17.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,729 shares of the company’s stock after purchasing an additional 34,313 shares during the period. Harbour Investments Inc. owned 0.88% of Capital Group U.S. Multi-Sector Income ETF worth $6,267,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of CGMS. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth about $51,000. VisionPoint Advisory Group LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at approximately $59,000. Larson Financial Group LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 26.6% in the 4th quarter. Larson Financial Group LLC now owns 2,621 shares of the company’s stock worth $72,000 after acquiring an additional 551 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $74,000. Finally, HHM Wealth Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $74,000.
Capital Group U.S. Multi-Sector Income ETF Price Performance
Shares of CGMS stock opened at $27.35 on Friday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.49 and a one year high of $28.00. The company’s fifty day moving average price is $27.45 and its 200-day moving average price is $27.54. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 16.63 and a beta of 0.39.
Capital Group U.S. Multi-Sector Income ETF Cuts Dividend
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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