US Bancorp DE acquired a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,229 shares of the company’s stock, valued at approximately $143,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital A Wealth Management LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $25,000. Calton & Associates Inc. purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at about $32,000. NBC Securities Inc. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 122,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,230 shares of the company’s stock valued at $33,000 after acquiring an additional 1,229 shares during the period. ORG Partners LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at about $41,000. Finally, GeoWealth Management LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $61,000.
Capital Group U.S. Multi-Sector Income ETF Price Performance
Shares of CGMS stock opened at $27.67 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.08 and a 1-year high of $28.00. The business has a 50-day moving average of $27.55 and a 200 day moving average of $27.33. The stock has a market capitalization of $3.00 billion, a PE ratio of 10.71 and a beta of 0.40.
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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