Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Purchased by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 428,985 shares of the company’s stock after acquiring an additional 22,839 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for 1.3% of Onyx Bridge Wealth Group LLC’s portfolio, making the stock its 19th largest position. Onyx Bridge Wealth Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $11,681,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bogart Wealth LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at $27,000. Arax Advisory Partners acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $27,000. Flagship Harbor Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $53,000. Finally, Olistico Wealth LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $54,000.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.49 on Friday. The stock has a market capitalization of $4.70 billion, a P/E ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $27.01 and a 12-month high of $28.08. The firm’s 50-day moving average is $27.50 and its two-hundred day moving average is $27.57.

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.