Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Purchased by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. boosted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 14.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 703,687 shares of the company’s stock after buying an additional 87,030 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF comprises approximately 4.3% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 7th biggest holding. J. Derek Lewis & Associates Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $19,198,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 9.1% during the 4th quarter. D.A. Davidson & CO. now owns 225,710 shares of the company’s stock worth $6,234,000 after purchasing an additional 18,758 shares during the last quarter. Bouvel Investment Partners LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 9.5% in the 4th quarter. Bouvel Investment Partners LLC now owns 231,976 shares of the company’s stock valued at $6,407,000 after purchasing an additional 20,104 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 12.7% in the 4th quarter. Stephens Inc. AR now owns 682,526 shares of the company’s stock valued at $18,851,000 after purchasing an additional 76,839 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 43.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock worth $4,887,000 after purchasing an additional 53,998 shares in the last quarter. Finally, EQ Wealth Advisors LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 13.7% during the fourth quarter. EQ Wealth Advisors LLC now owns 594,418 shares of the company’s stock worth $16,418,000 after buying an additional 71,421 shares during the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.19 on Friday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $27.01 and a one year high of $28.08. The company’s fifty day moving average price is $27.36 and its two-hundred day moving average price is $27.49. The company has a market capitalization of $5.29 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.