KWB Wealth Has $14.41 Million Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

KWB Wealth boosted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 47.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 527,423 shares of the company’s stock after buying an additional 169,146 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up about 1.2% of KWB Wealth’s investment portfolio, making the stock its 23rd biggest position. KWB Wealth owned approximately 0.28% of Capital Group U.S. Multi-Sector Income ETF worth $14,414,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Arax Advisory Partners bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $27,000. Bogart Wealth LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth $27,000. Flagship Harbor Advisors LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth $53,000. Finally, CX Institutional acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter worth $68,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.4%

NYSEARCA CGMS opened at $27.09 on Tuesday. The stock has a 50-day simple moving average of $27.31 and a 200 day simple moving average of $27.46. The company has a market capitalization of $5.33 billion, a PE ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.95 and a 12 month 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.