Mascagni Wealth Management Inc. Acquires 23,219 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Mascagni Wealth Management Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 29.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,520 shares of the company’s stock after acquiring an additional 23,219 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises about 2.0% of Mascagni Wealth Management Inc.’s investment portfolio, making the stock its 11th biggest position. Mascagni Wealth Management Inc. owned about 0.06% of Capital Group U.S. Multi-Sector Income ETF worth $2,792,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CGMS. Arax Advisory Partners purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $27,000. Bogart Wealth LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at approximately $27,000. Flagship Harbor Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $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 worth approximately $53,000. Finally, Pittenger & Anderson Inc. bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $76,000.

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

Shares of CGMS opened at $27.19 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $27.01 and a 1 year high of $28.08. The company has a 50 day simple moving average of $27.36 and a two-hundred day simple moving average of $27.49. The firm has a market cap of $5.29 billion, a P/E ratio of 10.71 and a beta of 0.29.

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

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.