OakTrust Wealth Advisors LLC Takes $4.62 Million Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

OakTrust Wealth Advisors LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 167,216 shares of the company’s stock, valued at approximately $4,619,000. Capital Group U.S. Multi-Sector Income ETF accounts for approximately 4.3% of OakTrust Wealth Advisors LLC’s investment portfolio, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blueprint Investment Partners LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth about $707,000. D.A. Davidson & CO. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 9.1% in the fourth quarter. D.A. Davidson & CO. now owns 225,710 shares of the company’s stock worth $6,234,000 after purchasing an additional 18,758 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 43.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock worth $4,887,000 after buying an additional 53,998 shares during the period. Capital Advantage Inc. lifted its position 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 valued at $63,752,000 after acquiring an additional 138,954 shares during the period. Finally, Bouvel Investment Partners LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 9.5% during the 4th quarter. Bouvel Investment Partners LLC now owns 231,976 shares of the company’s stock valued at $6,407,000 after acquiring an additional 20,104 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Price Performance

NYSEARCA:CGMS opened at $27.47 on Friday. The firm has a market capitalization of $4.69 billion, a P/E ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a one year low of $27.01 and a one year high of $28.08. The company’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 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.