Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 21.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 535,281 shares of the company’s stock after purchasing an additional 95,822 shares during the quarter. NewEdge Advisors LLC owned approximately 0.31% of Capital Group U.S. Multi-Sector Income ETF worth $14,576,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Arax Advisory Partners acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth approximately $27,000. Bogart Wealth LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $27,000. Flagship Harbor Advisors LLC acquired a new position in 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 stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $53,000. Finally, Pittenger & Anderson Inc. acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $76,000.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.2%

NYSEARCA:CGMS opened at $27.19 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.95 and a 52 week high of $28.08. The company has a market cap of $5.35 billion, a PE ratio of 10.71 and a beta of 0.29. The business’s 50 day moving average is $27.32 and its two-hundred day moving average is $27.47.

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.