KMG Fiduciary Partners LLC trimmed its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 92.8% during the second quarter, HoldingsChannel.com reports. The fund owned 28,711 shares of the company’s stock after selling 369,409 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $785,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of CGMS. Arax Advisory Partners acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $27,000. Bogart Wealth LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $27,000. Flagship Harbor Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $53,000. Finally, CX Institutional acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the second quarter worth $68,000.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
Capital Group U.S. Multi-Sector Income ETF stock opened at $27.12 on Wednesday. The business’s fifty day moving average is $27.30 and its two-hundred day moving average is $27.46. The firm has a market cap of $5.33 billion, a P/E ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.95 and a 52 week high of $28.08.
Capital Group U.S. Multi-Sector Income ETF 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.
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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).
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