International Assets Investment Management LLC Has $1.86 Million Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

International Assets Investment Management LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 44.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,245 shares of the company’s stock after acquiring an additional 20,920 shares during the quarter. International Assets Investment Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,862,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CGMS. Diversify Wealth Management LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter worth approximately $872,000. Valmark Advisers Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 135.9% in the 1st quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock valued at $41,546,000 after purchasing an additional 879,055 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 1st quarter valued at $1,255,000. EQ Wealth Advisors LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 7.4% in the first quarter. EQ Wealth Advisors LLC now owns 638,390 shares of the company’s stock worth $17,383,000 after purchasing an additional 43,972 shares in the last quarter. Finally, Simplicity Wealth LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter worth $245,000.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.28 on Monday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $27.01 and a one year high of $28.08. The company’s fifty day moving average price is $27.43 and its two-hundred day moving average price is $27.54. The company has a market capitalization of $5.20 billion, a price-to-earnings 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.