Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Bought by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC raised its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 19.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 129,636 shares of the company’s stock after acquiring an additional 21,091 shares during the period. Dynamic Advisor Solutions LLC owned approximately 0.07% of Capital Group U.S. Multi-Sector Income ETF worth $3,543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $27,000. Arax Advisory Partners acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $27,000. Flagship Harbor Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $53,000. Finally, CX Institutional purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter worth approximately $68,000.

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

CGMS opened at $27.14 on Friday. The business has a 50 day simple moving average of $27.32 and a 200-day simple moving average of $27.47. The stock has a market capitalization of $5.34 billion, a P/E ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.95 and a 12 month high of $28.08.

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.