Balboa Wealth Partners Acquires New Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Balboa Wealth Partners acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 1st quarter, HoldingsChannel reports. The firm acquired 29,291 shares of the company’s stock, valued at approximately $798,000.

A number of other large investors have also recently bought and sold shares of CGMS. Arax Advisory Partners acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $27,000. Bogart Wealth LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $27,000. Flagship Harbor Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $53,000. Finally, Olistico Wealth LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $54,000.

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

CGMS opened at $27.47 on Monday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $27.01 and a one year high of $28.08. The stock’s fifty day moving average is $27.51 and its 200-day moving average is $27.57. The company 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 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.