Midwest Financial Network LLC lowered its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 19.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,844 shares of the company’s stock after selling 28,556 shares during the period. Capital Group U.S. Multi-Sector Income ETF accounts for 2.3% of Midwest Financial Network LLC’s investment portfolio, making the stock its 10th largest holding. Midwest Financial Network LLC owned 0.06% of Capital Group U.S. Multi-Sector Income ETF worth $3,330,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV increased its stake in Capital Group U.S. Multi-Sector Income ETF by 1.1% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock valued at $968,000 after purchasing an additional 373 shares during the period. Burford Brothers Inc. raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.4% in the first quarter. Burford Brothers Inc. now owns 30,956 shares of the company’s stock valued at $843,000 after buying an additional 414 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.8% during the fourth quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock worth $1,501,000 after buying an additional 439 shares during the period. Bridgewealth Advisory Group LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% during the fourth quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock worth $455,000 after buying an additional 445 shares during the period. Finally, Trilogy Capital Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.2% during the second quarter. Trilogy Capital Inc. now owns 39,966 shares of the company’s stock worth $1,092,000 after buying an additional 480 shares during the period.
Capital Group U.S. Multi-Sector Income ETF Stock Down 0.0%
Shares of CGMS stock opened at $27.17 on Thursday. The stock has a market capitalization of $5.34 billion, a PE 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. The stock’s 50-day moving average price is $27.33 and its 200 day moving average price is $27.48.
About Capital Group U.S. Multi-Sector Income ETF
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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