Great Valley Advisor Group Inc. Grows Stock Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Great Valley Advisor Group Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 13.9% during the 4th quarter, HoldingsChannel reports. The firm owned 3,024,203 shares of the company’s stock after purchasing an additional 368,131 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises approximately 1.6% of Great Valley Advisor Group Inc.’s holdings, making the stock its 7th largest holding. Great Valley Advisor Group Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $83,528,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV lifted its stake 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 valued at $968,000 after acquiring an additional 373 shares in the last quarter. Wayfinding Financial LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.4% during the 3rd quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock worth $2,931,000 after purchasing an additional 385 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.9% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock worth $647,000 after purchasing an additional 432 shares in the last quarter. Apollon Wealth Management LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 0.8% in the 4th quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock valued at $1,501,000 after acquiring an additional 439 shares during the period. Finally, Bridgewealth Advisory Group LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 2.8% in the 4th quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock valued at $455,000 after acquiring an additional 445 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.6%

CGMS opened at $27.50 on Friday. 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’s fifty day simple moving average is $27.50 and its 200 day simple moving average is $27.59. The stock has a market cap of $4.70 billion, a PE 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.