KWB Wealth Has $14.41 Million Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

KWB Wealth lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 47.2% during the second quarter, HoldingsChannel reports. The firm owned 527,423 shares of the company’s stock after buying an additional 169,146 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF comprises 1.2% of KWB Wealth’s portfolio, making the stock its 23rd largest holding. KWB Wealth’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $14,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV increased its position in shares of 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 valued at $968,000 after buying an additional 373 shares in the last quarter. Burford Brothers Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 1.4% during the 1st quarter. Burford Brothers Inc. now owns 30,956 shares of the company’s stock worth $843,000 after buying an additional 414 shares during the period. Apollon Wealth Management LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 0.8% during the fourth quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock worth $1,501,000 after acquiring an additional 439 shares in the last quarter. Bridgewealth Advisory Group LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 2.8% during the fourth quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock worth $455,000 after acquiring an additional 445 shares in the last quarter. Finally, Trilogy Capital Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 1.2% in the second quarter. Trilogy Capital Inc. now owns 39,966 shares of the company’s stock valued at $1,092,000 after acquiring an additional 480 shares during the period.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.09 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.95 and a 1 year high of $28.08. The business has a 50-day moving average of $27.31 and a two-hundred day moving average of $27.46. The company has a market capitalization of $5.33 billion, a P/E ratio of 10.71 and a beta of 0.29.

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.