BNB Wealth Management LLC Purchases Shares of 316,960 Capital Group U.S. Multi-Sector Income ETF $CGMS

BNB Wealth Management LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 316,960 shares of the company’s stock, valued at approximately $8,754,000. Capital Group U.S. Multi-Sector Income ETF makes up approximately 5.6% of BNB Wealth Management LLC’s portfolio, making the stock its 2nd largest holding.

Other institutional investors have also recently bought and sold shares of the company. Blueprint Investment Partners LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $707,000. D.A. Davidson & CO. lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 9.1% in the fourth quarter. D.A. Davidson & CO. now owns 225,710 shares of the company’s stock valued at $6,234,000 after buying an additional 18,758 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 43.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock worth $4,887,000 after purchasing an additional 53,998 shares in the last quarter. Capital Advantage Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 6.4% in the fourth quarter. Capital Advantage Inc. now owns 2,308,168 shares of the company’s stock worth $63,752,000 after purchasing an additional 138,954 shares in the last quarter. Finally, Bouvel Investment Partners LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 9.5% in the fourth quarter. Bouvel Investment Partners LLC now owns 231,976 shares of the company’s stock worth $6,407,000 after purchasing an additional 20,104 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.4%

Shares of CGMS stock opened at $27.40 on Thursday. The company’s fifty day simple moving average is $27.51 and its 200-day simple moving average is $27.58. The firm has a market cap of $4.68 billion, a PE 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.