Royal Bank of Canada Increases Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Royal Bank of Canada boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 19.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,786,838 shares of the company’s stock after buying an additional 291,066 shares during the quarter. Royal Bank of Canada’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $48,656,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 9.1% during the 4th quarter. D.A. Davidson & CO. now owns 225,710 shares of the company’s stock worth $6,234,000 after purchasing an additional 18,758 shares in the last quarter. Bouvel Investment Partners LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 9.5% in the 4th quarter. Bouvel Investment Partners LLC now owns 231,976 shares of the company’s stock valued at $6,407,000 after purchasing an additional 20,104 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 12.7% in the 4th quarter. Stephens Inc. AR now owns 682,526 shares of the company’s stock valued at $18,851,000 after buying an additional 76,839 shares during the period. Stratos Wealth Partners LTD. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 43.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock valued at $4,887,000 after buying an additional 53,998 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $1,307,000.

Capital Group U.S. Multi-Sector Income ETF Stock Performance

CGMS stock opened at $27.00 on Monday. The company’s 50 day moving average price is $27.35 and its 200 day moving average price is $27.49. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.95 and a fifty-two week high of $28.08. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29.

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.