RFG Advisory LLC lessened its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 84.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,688 shares of the company’s stock after selling 121,684 shares during the period. RFG Advisory LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $618,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Arax Advisory Partners bought a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at about $27,000. Bogart Wealth LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $27,000. Flagship Harbor Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $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 during the 4th quarter valued at about $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 about $54,000.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
Shares of CGMS stock opened at $27.39 on Tuesday. The stock’s 50 day simple moving average is $27.49 and its 200 day simple moving average is $27.56. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $27.01 and a twelve month high of $28.08. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29.
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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