Sunbelt Securities Inc. Boosts Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Sunbelt Securities Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 19.8% during the first quarter, Holdings Channel reports. The institutional investor owned 516,085 shares of the company’s stock after purchasing an additional 85,162 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF comprises 0.9% of Sunbelt Securities Inc.’s portfolio, making the stock its 17th biggest holding. Sunbelt Securities Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $14,053,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CGMS. Focus Partners Wealth purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at about $1,048,000. NewEdge Advisors LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 85.1% in the 2nd quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock worth $4,114,000 after purchasing an additional 68,484 shares during the period. CLG LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 7.4% in the second quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after purchasing an additional 3,261 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 4.6% in the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock valued at $11,006,000 after purchasing an additional 17,345 shares during the last quarter. Finally, IHT Wealth Management LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter valued at $230,000.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.1%

Shares of CGMS opened at $27.17 on Wednesday. The stock has a market capitalization of $5.21 billion, a P/E ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $27.01 and a twelve month high of $28.08. The firm has a fifty day simple moving average of $27.37 and a two-hundred day simple moving average of $27.50.

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.