Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Acquired by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,985 shares of the company’s stock after purchasing an additional 22,839 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises 1.3% of Onyx Bridge Wealth Group LLC’s investment portfolio, making the stock its 19th biggest position. Onyx Bridge Wealth Group LLC owned approximately 0.25% of Capital Group U.S. Multi-Sector Income ETF worth $11,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGMS. Arax Advisory Partners acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $27,000. Bogart Wealth LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $27,000. Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $53,000. Finally, Olistico Wealth LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth about $54,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.0%

Shares of NYSEARCA CGMS opened at $27.49 on Friday. The company’s 50-day moving average price is $27.50 and its 200 day moving average price is $27.57. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $27.01 and a 52 week high of $28.08. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29.

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.