Cassady Wealth & Retirement Planning LLC Grows Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Cassady Wealth & Retirement Planning LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 65.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,451 shares of the company’s stock after purchasing an additional 32,733 shares during the period. Cassady Wealth & Retirement Planning LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CGMS. LPL Financial LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 30.8% during the 4th quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock worth $424,432,000 after buying an additional 3,616,255 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 44.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock valued at $149,281,000 after acquiring an additional 1,658,572 shares during the last quarter. UBS Group AG lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 49.2% in the third quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock valued at $97,817,000 after acquiring an additional 1,162,393 shares in the last quarter. Valmark Advisers Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 135.9% in the first quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock valued at $41,546,000 after acquiring an additional 879,055 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.9% in the fourth quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock worth $143,686,000 after acquiring an additional 863,369 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Performance

Shares of CGMS opened at $27.12 on Thursday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $27.01 and a one year high of $28.08. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The stock has a 50 day moving average price of $27.37 and a 200 day moving average price of $27.50.

About Capital Group U.S. Multi-Sector Income ETF

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.