Diversify Wealth Management LLC Takes Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Diversify Wealth Management LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 31,641 shares of the company’s stock, valued at approximately $872,000.

Several other hedge funds have also bought and sold shares of the company. Focus Partners Wealth acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the first quarter worth approximately $1,048,000. NewEdge Advisors LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% in 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 lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% in the second quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after buying an additional 3,261 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock worth $11,006,000 after acquiring an additional 17,345 shares during the period. Finally, IHT Wealth Management LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter worth approximately $230,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.0%

CGMS stock opened at $27.30 on Friday. The firm has a market capitalization of $5.20 billion, a PE ratio of 10.71 and a beta of 0.29. 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 business’s 50 day simple moving average is $27.42 and its 200 day simple moving average is $27.53.

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.