Fifth Third Bancorp Acquires New Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Fifth Third Bancorp bought a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 46,076 shares of the company’s stock, valued at approximately $1,255,000.

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $27,000. Arax Advisory Partners bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $27,000. Flagship Harbor Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $53,000. Finally, Pittenger & Anderson Inc. acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $76,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.0%

NYSEARCA:CGMS opened at $27.09 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $27.01 and a 1 year high of $28.08. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The stock has a 50-day moving average price of $27.38 and a two-hundred day moving average price of $27.51.

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.