D.A. Davidson & CO. reduced its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 38.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,988 shares of the company’s stock after selling 85,722 shares during the period. D.A. Davidson & CO. owned 0.08% of Capital Group U.S. Multi-Sector Income ETF worth $3,812,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arax Advisory Partners bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $27,000. Bogart Wealth LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at approximately $27,000. Flagship Harbor Advisors LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at approximately $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $53,000. Finally, Olistico Wealth LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $54,000.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
Shares of CGMS opened at $27.30 on Monday. The company’s fifty day moving average is $27.41 and its 200 day moving average is $27.53. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $27.01 and a fifty-two week high of $28.08. The stock has a market capitalization of $5.21 billion, a PE 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.
Featured Stories
- Five stocks we like better than Capital Group U.S. Multi-Sector Income ETF
- Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
- Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
- Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises
- 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
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.
