Seamount Financial Group Inc. Has $2.85 Million Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Seamount Financial Group Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 50.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,556 shares of the company’s stock after buying an additional 35,142 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up approximately 1.3% of Seamount Financial Group Inc.’s portfolio, making the stock its 26th biggest position. Seamount Financial Group Inc. owned approximately 0.06% of Capital Group U.S. Multi-Sector Income ETF worth $2,847,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Focus Partners Wealth acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at approximately $1,048,000. NewEdge Advisors LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% during 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 raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% during 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. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% in the 2nd 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 in the last quarter. Finally, IHT Wealth Management LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth $230,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.2%

NYSEARCA CGMS opened at $27.38 on Friday. The company has a fifty day simple moving average of $27.47 and a 200 day simple moving average of $27.56. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $27.01 and a 12-month high of $28.08. The company has a market cap of $5.15 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.