Capital Group U.S. Multi-Sector Income ETF $CGMS is Swisher Financial Concepts Inc.’s 9th Largest Position

Swisher Financial Concepts Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,457 shares of the company’s stock after purchasing an additional 29,715 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for approximately 4.2% of Swisher Financial Concepts Inc.’s holdings, making the stock its 9th biggest position. Swisher Financial Concepts Inc. owned approximately 0.16% of Capital Group U.S. Multi-Sector Income ETF worth $7,555,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CGMS. 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 valued at $424,432,000 after purchasing an additional 3,616,255 shares in the last quarter. Morgan Stanley lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% in the fourth quarter. Morgan Stanley now owns 6,699,298 shares of the company’s stock worth $185,035,000 after buying an additional 183,781 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of 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 buying an additional 1,658,572 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.9% in the 4th quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock worth $143,686,000 after purchasing an additional 863,369 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 25.2% in the fourth quarter. UBS Group AG now owns 4,413,157 shares of the company’s stock worth $121,891,000 after buying an additional 888,212 shares during the last quarter.

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

Shares of NYSEARCA CGMS opened at $27.47 on Friday. The firm has a 50 day moving average of $27.51 and a 200 day moving average of $27.57. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $27.01 and a 12-month 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.