Compass Financial Management LLC Invests $3.16 Million in Capital Group U.S. Multi-Sector Income ETF $CGMS

Compass Financial Management LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the second quarter, HoldingsChannel reports. The firm bought 115,907 shares of the company’s stock, valued at approximately $3,161,000.

Several other institutional investors also recently bought and sold shares of CGMS. Bogart Wealth LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth $27,000. Arax Advisory Partners bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $53,000. CX Institutional purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at about $68,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at about $76,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.0%

Shares of CGMS stock opened at $27.14 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.95 and a 12-month high of $28.08. The stock’s 50-day moving average price is $27.26 and its 200-day moving average price is $27.43. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29.

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.