Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sets New 12-Month Low – Here’s Why

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) reached a new 52-week low during trading on Friday . The stock traded as low as $26.96 and last traded at $26.97, with a volume of 72266 shares changing hands. The stock had previously closed at $27.19.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.8%

The stock has a market cap of $5.25 billion, a P/E ratio of 10.71 and a beta of 0.29. The business’s 50-day simple moving average is $27.36 and its two-hundred day simple moving average is $27.49.

Institutional Trading of Capital Group U.S. Multi-Sector Income ETF

A number of institutional investors have recently modified their holdings of CGMS. Bogart Wealth LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $27,000. Arax Advisory Partners bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $27,000. Flagship Harbor Advisors LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $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, CX Institutional bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter valued at $68,000.

Capital Group U.S. Multi-Sector Income ETF Company 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.