World Investment Advisors Boosts Stock Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

World Investment Advisors grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 82.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,116 shares of the company’s stock after purchasing an additional 29,850 shares during the period. World Investment Advisors’ holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,800,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. LPL Financial LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 30.8% during the 4th quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock worth $424,432,000 after buying an additional 3,616,255 shares during the period. Wells Fargo & Company MN boosted its position in Capital Group U.S. Multi-Sector Income ETF by 44.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock valued at $149,281,000 after buying an additional 1,658,572 shares during the period. UBS Group AG grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 49.2% in the third quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock worth $97,817,000 after acquiring an additional 1,162,393 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.9% in the fourth quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock worth $143,686,000 after acquiring an additional 863,369 shares in the last quarter. Finally, Regatta Capital Group LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 6,655.7% during the fourth quarter. Regatta Capital Group LLC now owns 779,270 shares of the company’s stock worth $21,523,000 after acquiring an additional 767,735 shares during the period.

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

Shares of NYSEARCA CGMS opened at $27.31 on Wednesday. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The stock’s 50-day moving average is $27.45 and its two-hundred day moving average is $27.55. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $27.01 and a 1-year high of $28.08.

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.