RFG Advisory LLC reduced its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 84.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,688 shares of the company’s stock after selling 121,684 shares during the quarter. RFG Advisory LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $618,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV grew its position in Capital Group U.S. Multi-Sector Income ETF by 1.1% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock worth $968,000 after purchasing an additional 373 shares during the last quarter. Wayfinding Financial LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.4% in the third quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock valued at $2,931,000 after buying an additional 385 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.8% in the fourth quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock valued at $1,501,000 after buying an additional 439 shares during the period. Bridgewealth Advisory Group LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock valued at $455,000 after buying an additional 445 shares during the period. Finally, Daymark Wealth Partners LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 1.6% during the fourth quarter. Daymark Wealth Partners LLC now owns 31,280 shares of the company’s stock worth $864,000 after buying an additional 479 shares in the last quarter.
Capital Group U.S. Multi-Sector Income ETF Stock Down 0.4%
Shares of CGMS opened at $27.39 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $27.01 and a 12-month high of $28.08. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The stock’s 50-day moving average price is $27.49 and its 200 day moving average price is $27.56.
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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