Northwestern Mutual Wealth Management Co. Trims Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Northwestern Mutual Wealth Management Co. decreased its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 773,736 shares of the company’s stock after selling 137,452 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $21,371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGMS. Focus Partners Wealth purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter worth $1,048,000. NewEdge Advisors LLC increased its stake in 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 worth $4,114,000 after purchasing an additional 68,484 shares during the period. CLG LLC increased its stake in 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 worth $1,310,000 after purchasing an additional 3,261 shares during the period. Benjamin Edwards Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 4.6% in the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock worth $11,006,000 after purchasing an additional 17,345 shares during the period. Finally, IHT Wealth Management LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the second quarter worth $230,000.

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

CGMS stock opened at $27.48 on Monday. The business’s fifty day simple moving average is $27.46 and its two-hundred day simple moving average is $27.60. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $27.01 and a twelve month high of $28.08. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30.

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.