Cassady Wealth & Retirement Planning LLC Increases Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Cassady Wealth & Retirement Planning LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 65.8% in the first quarter, Holdings Channel reports. The fund owned 82,451 shares of the company’s stock after buying an additional 32,733 shares during the period. Cassady Wealth & Retirement Planning LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,262,000 at the end of the most recent reporting period.

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

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.2%

NYSEARCA CGMS opened at $27.12 on Thursday. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $27.01 and a 52 week high of $28.08. The business’s fifty day simple moving average is $27.37 and its 200-day simple moving average is $27.50. The firm has a market cap of $5.28 billion, a PE ratio of 10.71 and a beta of 0.29.

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