Venture Visionary Partners LLC Grows Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Venture Visionary Partners LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 234.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,784 shares of the company’s stock after buying an additional 48,893 shares during the quarter. Venture Visionary Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,927,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CGMS. LPL Financial LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 30.8% during the fourth quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock valued at $424,432,000 after purchasing an additional 3,616,255 shares in the last quarter. Wells Fargo & Company MN raised its stake in Capital Group U.S. Multi-Sector Income ETF by 44.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock valued at $149,281,000 after purchasing an additional 1,658,572 shares in the last quarter. UBS Group AG raised its stake in Capital Group U.S. Multi-Sector Income ETF by 49.2% during the third quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock valued at $97,817,000 after purchasing an additional 1,162,393 shares in the last quarter. Regatta Capital Group LLC raised its stake in 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 valued at $21,523,000 after purchasing an additional 767,735 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 108.6% during the fourth quarter. Kestra Advisory Services LLC now owns 834,831 shares of the company’s stock valued at $23,058,000 after purchasing an additional 434,596 shares in the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.53 on Tuesday. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The firm’s fifty day moving average is $27.50 and its 200 day moving average is $27.58. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $27.01 and a 52-week high of $28.08.

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.