Sunbelt Securities Inc. raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 39.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 430,923 shares of the company’s stock after buying an additional 122,612 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for about 0.8% of Sunbelt Securities Inc.’s holdings, making the stock its 21st biggest position. Sunbelt Securities Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $11,902,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of CGMS. Focus Partners Wealth purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at $1,048,000. NewEdge Advisors LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 85.1% during the second quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock valued at $4,114,000 after buying an additional 68,484 shares during the last quarter. CLG LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% in the 2nd quarter. CLG LLC now owns 47,423 shares of the company’s stock worth $1,310,000 after purchasing an additional 3,261 shares in the last quarter. Benjamin Edwards Inc. increased its position in Capital Group U.S. Multi-Sector Income ETF by 4.6% in the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock worth $11,006,000 after buying an additional 17,345 shares in the last quarter. Finally, IHT Wealth Management LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter worth approximately $230,000.
Capital Group U.S. Multi-Sector Income ETF Stock Up 0.3%
Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.47 on Friday. The stock’s 50-day simple moving average is $27.51 and its 200-day simple moving average is $27.58. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $27.01 and a 52 week high of $28.08. The company has a market capitalization of $4.69 billion, a price-to-earnings 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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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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