Capital Group Private Client Services Inc. Has $1.93 Million Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Capital Group Private Client Services Inc. decreased its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 71,281 shares of the company’s stock after selling 4,213 shares during the period. Capital Group Private Client Services Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Trust Co. NA bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at $25,000. Northwest Financial Advisors bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth about $31,000. FinTrust Capital Advisors LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1,221.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 3,000 shares of the company’s stock worth $81,000 after purchasing an additional 2,773 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $84,000. Finally, WESPAC Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $216,000.

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

Capital Group U.S. Multi-Sector Income ETF stock traded up $0.06 during trading hours on Friday, hitting $27.34. 209,789 shares of the stock were exchanged, compared to its average volume of 284,578. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $25.00 and a 12 month high of $27.62. The business’s 50-day moving average is $27.09 and its two-hundred day moving average is $26.97.

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

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.