Capital Group U.S. Multi-Sector Income ETF $CGMS Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 21.8% during the first quarter, HoldingsChannel.com reports. The fund owned 535,281 shares of the company’s stock after acquiring an additional 95,822 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $14,576,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.1% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock valued at $968,000 after purchasing an additional 373 shares during the last quarter. Burford Brothers Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 1.4% during the 1st quarter. Burford Brothers Inc. now owns 30,956 shares of the company’s stock worth $843,000 after buying an additional 414 shares during the last quarter. Apollon Wealth Management LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 0.8% during the 4th quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock worth $1,501,000 after buying an additional 439 shares during the last quarter. Bridgewealth Advisory Group LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 2.8% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock worth $455,000 after buying an additional 445 shares during the period. Finally, Signature Estate & Investment Advisors LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 1.7% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 29,711 shares of the company’s stock worth $821,000 after buying an additional 488 shares during the period.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.19 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.95 and a 52-week high of $28.08. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The firm has a 50-day moving average price of $27.32 and a two-hundred day moving average price of $27.47.

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.