Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sees Unusually-High Trading Volume – What’s Next?

Shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw strong trading volume on Wednesday . Approximately 3,474,988 shares were traded during trading, an increase of 250% from the previous session’s volume of 992,210 shares.The stock last traded at $27.21 and had previously closed at $27.23.

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

The company’s 50 day moving average price is $27.40 and its 200 day moving average price is $27.52. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29.

Hedge Funds Weigh In On Capital Group U.S. Multi-Sector Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its position in Capital Group U.S. Multi-Sector Income ETF by 9.1% in the 4th quarter. D.A. Davidson & CO. now owns 225,710 shares of the company’s stock valued at $6,234,000 after purchasing an additional 18,758 shares during the last quarter. Bouvel Investment Partners LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 9.5% during the fourth quarter. Bouvel Investment Partners LLC now owns 231,976 shares of the company’s stock worth $6,407,000 after purchasing an additional 20,104 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 12.7% during the fourth quarter. Stephens Inc. AR now owns 682,526 shares of the company’s stock worth $18,851,000 after purchasing an additional 76,839 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 43.9% in the fourth 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 in the last quarter. Finally, Regatta Capital Group LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 6,655.7% in the fourth quarter. Regatta Capital Group LLC now owns 779,270 shares of the company’s stock valued at $21,523,000 after buying an additional 767,735 shares in the last quarter.

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.