J. Derek Lewis & Associates Inc. Invests $17.03 Million in Capital Group U.S. Multi-Sector Income ETF $CGMS

J. Derek Lewis & Associates Inc. acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 616,657 shares of the company’s stock, valued at approximately $17,032,000. Capital Group U.S. Multi-Sector Income ETF makes up approximately 4.0% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 9th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 43.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 427,545 shares of the company’s stock valued at $11,809,000 after purchasing an additional 129,705 shares in the last quarter. World Investment Advisors raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 99.7% during the 4th quarter. World Investment Advisors now owns 36,266 shares of the company’s stock worth $1,002,000 after purchasing an additional 18,109 shares in the last quarter. Advisortrust Partners LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $922,000. Rubicon Advisors GP acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $3,135,000. Finally, Redwood Family Wealth LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $350,000.

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

Shares of NYSEARCA CGMS opened at $27.47 on Friday. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The business has a 50 day simple moving average of $27.51 and a 200 day simple moving average of $27.57. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $27.01 and a 52 week 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.