Private Advisor Group LLC Has $20.98 Million Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Private Advisor Group LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 10.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 770,450 shares of the company’s stock after acquiring an additional 73,866 shares during the quarter. Private Advisor Group LLC owned about 0.45% of Capital Group U.S. Multi-Sector Income ETF worth $20,979,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CGMS. Nations Financial Group Inc. IA ADV lifted its holdings in 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 worth $968,000 after purchasing an additional 373 shares during the last quarter. Wayfinding Financial LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 0.4% during the third quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock worth $2,931,000 after purchasing an additional 385 shares during the period. Apollon Wealth Management LLC grew 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 valued at $1,501,000 after purchasing an additional 439 shares during the last quarter. Bridgewealth Advisory Group LLC grew 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 valued at $455,000 after purchasing an additional 445 shares during the last quarter. Finally, Daymark Wealth Partners LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.6% in the fourth quarter. Daymark Wealth Partners LLC now owns 31,280 shares of the company’s stock valued at $864,000 after purchasing an additional 479 shares during the period.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.38 on Friday. The firm has a fifty day simple moving average of $27.46 and a 200-day simple moving average of $27.55. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $27.01 and a 1-year high of $28.08. 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 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.