Valmark Advisers Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 135.9% during the 1st quarter, Holdings Channel reports. The firm owned 1,525,745 shares of the company’s stock after buying an additional 879,055 shares during the period. Valmark Advisers Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $41,546,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. D.A. Davidson & CO. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 9.1% during the fourth quarter. D.A. Davidson & CO. now owns 225,710 shares of the company’s stock worth $6,234,000 after acquiring an additional 18,758 shares during the period. Bouvel Investment Partners LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 9.5% in the fourth 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 during the period. Capital Advantage Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 6.4% during the 4th quarter. Capital Advantage Inc. now owns 2,308,168 shares of the company’s stock worth $63,752,000 after purchasing an additional 138,954 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 43.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock worth $4,887,000 after purchasing an additional 53,998 shares during the period. Finally, Stephens Inc. AR raised its position in 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 purchasing an additional 76,839 shares in the last quarter.
Capital Group U.S. Multi-Sector Income ETF Price Performance
Shares of Capital Group U.S. Multi-Sector Income ETF stock traded down $0.03 on Friday, reaching $27.28. 1,043,672 shares of the company were exchanged, compared to its average volume of 1,009,018. The stock’s 50 day moving average price is $27.43 and its 200-day moving average price is $27.54. 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 company has a market cap of $5.20 billion, a P/E 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.
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