Gateway Wealth Partners LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 484.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 331,940 shares of the company’s stock after purchasing an additional 275,192 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $9,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. CLG LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 21.9% during the first quarter. CLG LLC now owns 91,958 shares of the company’s stock valued at $2,504,000 after acquiring an additional 16,517 shares during the last quarter. Modern Wealth Management LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 12.3% in the 1st quarter. Modern Wealth Management LLC now owns 19,799 shares of the company’s stock valued at $540,000 after purchasing an additional 2,170 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% in the 1st quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock valued at $116,984,000 after purchasing an additional 646,551 shares in the last quarter. Carson Advisory Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 19.5% during the 1st quarter. Carson Advisory Inc. now owns 11,062 shares of the company’s stock valued at $301,000 after purchasing an additional 1,805 shares during the last quarter. Finally, Advisortrust Partners LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 63.4% in the 1st quarter. Advisortrust Partners LLC now owns 54,537 shares of the company’s stock worth $1,485,000 after purchasing an additional 21,166 shares during the period.
Capital Group U.S. Multi-Sector Income ETF Price Performance
Shares of NYSEARCA:CGMS opened at $27.09 on Monday. The stock has a market cap of $5.19 billion, a PE ratio of 10.71 and a beta of 0.29. The company’s fifty day moving average is $27.38 and its 200 day moving average is $27.51. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $27.01 and a 52 week high of $28.08.
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.
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