Steelhead Wealth Management LLC Acquires Shares of 129,687 Capital Group U.S. Multi-Sector Income ETF $CGMS

Steelhead Wealth Management LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 129,687 shares of the company’s stock, valued at approximately $3,531,000. Capital Group U.S. Multi-Sector Income ETF accounts for 1.8% of Steelhead Wealth Management LLC’s holdings, making the stock its 14th largest holding. Steelhead Wealth Management LLC owned approximately 0.08% of Capital Group U.S. Multi-Sector Income ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of 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 buying an additional 3,616,255 shares during the period. Wells Fargo & Company MN boosted its holdings 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 worth $149,281,000 after acquiring an additional 1,658,572 shares during the period. UBS Group AG boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 49.2% in the 3rd 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 during the period. Valmark Advisers Inc. grew its position in Capital Group U.S. Multi-Sector Income ETF by 135.9% in the first quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock valued at $41,546,000 after acquiring an additional 879,055 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in 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 valued at $143,686,000 after acquiring an additional 863,369 shares in the last quarter.

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

CGMS opened at $27.00 on Monday. The firm’s 50 day moving average is $27.35 and its 200-day moving average is $27.49. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.95 and a 52-week high of $28.08. The firm has a market capitalization of $5.30 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.