Sanctuary Advisors LLC Buys 72,431 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Sanctuary Advisors LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 23.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 377,176 shares of the company’s stock after buying an additional 72,431 shares during the period. Sanctuary Advisors LLC owned 0.22% of Capital Group U.S. Multi-Sector Income ETF worth $10,270,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. LPL Financial LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 30.8% during the fourth quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock worth $424,432,000 after purchasing an additional 3,616,255 shares in the last quarter. Morgan Stanley lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% in the fourth quarter. Morgan Stanley now owns 6,699,298 shares of the company’s stock worth $185,035,000 after buying an additional 183,781 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 44.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock valued at $149,281,000 after buying an additional 1,658,572 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF by 19.9% during the fourth quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock valued at $143,686,000 after buying an additional 863,369 shares during the last quarter. Finally, UBS Group AG grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 25.2% during the 4th quarter. UBS Group AG now owns 4,413,157 shares of the company’s stock valued at $121,891,000 after buying an additional 888,212 shares in the last quarter.

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

NYSEARCA:CGMS opened at $27.30 on Friday. 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 stock’s 50 day simple moving average is $27.41 and its two-hundred day simple moving average is $27.53. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29.

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.