AA Financial Advisors LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 314.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,087 shares of the company’s stock after buying an additional 56,957 shares during the quarter. AA Financial Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,045,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Bogart Wealth LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $27,000. Arax Advisory Partners purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $27,000. Flagship Harbor Advisors LLC acquired a new position 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 acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $53,000. Finally, Olistico Wealth LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $54,000.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
Shares of NYSEARCA CGMS opened at $27.48 on Friday. The firm has a market cap of $4.70 billion, a P/E ratio of 10.71 and a beta of 0.29. The firm’s 50 day moving average price is $27.50 and its 200 day moving average price is $27.57. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $27.01 and a 1 year 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.
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