Private Advisor Group LLC Acquires 73,866 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Private Advisor Group LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 10.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 770,450 shares of the company’s stock after purchasing an additional 73,866 shares during the period. Private Advisor Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $20,979,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Bogart Wealth LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at approximately $27,000. Arax Advisory Partners bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $27,000. Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth approximately $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth approximately $53,000. Finally, Olistico Wealth LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at approximately $54,000.

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

CGMS opened at $27.38 on Friday. The business has a 50 day moving average of $27.46 and a 200-day moving average of $27.55. The stock has a market capitalization of $5.15 billion, a price-to-earnings 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.

Capital Group U.S. Multi-Sector Income ETF Company 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.