Sunbelt Securities Inc. Raises Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Sunbelt Securities Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSFree Report) by 19.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 516,085 shares of the company’s stock after buying an additional 85,162 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up about 0.9% of Sunbelt Securities Inc.’s holdings, making the stock its 17th largest holding. Sunbelt Securities Inc. owned 0.30% of Capital Group U.S. Multi-Sector Income ETF worth $14,053,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bogart Wealth LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $27,000. Arax Advisory Partners bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $27,000. Flagship Harbor Advisors LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $53,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $76,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.1%

CGMS stock opened at $27.17 on Wednesday. The company’s 50 day moving average is $27.37 and its 200 day moving average is $27.50. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $27.01 and a 1-year high of $28.08.

Capital Group U.S. Multi-Sector Income ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

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