Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Sold by Milestone Investment Advisors LLC

Milestone Investment Advisors LLC lowered its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,853 shares of the company’s stock after selling 1,430 shares during the period. Milestone Investment Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Lodestone Wealth Management LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 3.3% in the first quarter. Lodestone Wealth Management LLC now owns 75,342 shares of the company’s stock valued at $2,057,000 after acquiring an additional 2,408 shares in the last quarter. Novem Group increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 17.4% in the 1st quarter. Novem Group now owns 111,630 shares of the company’s stock valued at $3,048,000 after purchasing an additional 16,505 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 305.6% in the 1st quarter. Private Trust Co. NA now owns 42,543 shares of the company’s stock valued at $1,161,000 after purchasing an additional 32,054 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 7.5% in the 1st quarter. DAVENPORT & Co LLC now owns 106,214 shares of the company’s stock valued at $2,900,000 after purchasing an additional 7,418 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 30.2% during the 1st quarter. Clear Creek Financial Management LLC now owns 13,222 shares of the company’s stock worth $361,000 after purchasing an additional 3,064 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.0%

Shares of CGMS stock opened at $27.62 on Thursday. The company has a market cap of $2.81 billion, a P/E ratio of 10.71 and a beta of 0.35. The firm has a fifty day moving average price of $27.23 and a 200 day moving average price of $27.27. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.00.

Capital Group U.S. Multi-Sector Income ETF Profile

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.