Synergy Investment Management LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 52,179 shares of the company’s stock, valued at approximately $1,423,000.
Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth approximately $51,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $59,000. AdvisorNet Financial Inc bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $74,000. Finally, HHM Wealth Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $74,000.
Capital Group U.S. Multi-Sector Income ETF Price Performance
CGMS stock opened at $27.63 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.49 and a 1-year high of $28.00. The business has a fifty day moving average price of $27.41 and a 200-day moving average price of $27.56. The stock has a market capitalization of $2.43 billion, a P/E 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 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.
Featured Articles
- Five stocks we like better than Capital Group U.S. Multi-Sector Income ETF
- High Flyers: 3 Natural Gas Stocks for March 2022
- Bearish Investors Can Seek Refuge in Recession-Resistant ETFs
- The 3 Best Retail Stocks to Shop for in August
- 3 Oversold Magnificent Seven Stocks at Key Levels: Buy Now?
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- 3M to Hit $175 by Mid-Year, and Higher Highs Are Likely
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.
