Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 19.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 129,636 shares of the company’s stock after purchasing an additional 21,091 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $3,543,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings 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 valued at $424,432,000 after acquiring an additional 3,616,255 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 44.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock valued at $149,281,000 after purchasing an additional 1,658,572 shares in the last quarter. UBS Group AG grew 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 purchasing an additional 1,162,393 shares during the last quarter. Valmark Advisers Inc. grew 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 purchasing an additional 879,055 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position 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 valued at $143,686,000 after purchasing an additional 863,369 shares during the last quarter.

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

Shares of CGMS opened at $27.14 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.95 and a 1-year high of $28.08. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The firm has a 50 day simple moving average of $27.32 and a 200-day simple moving average of $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.