Fulcrum Equity Management Reduces Position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Fulcrum Equity Management decreased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 13.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,877 shares of the company’s stock after selling 1,860 shares during the quarter. Fulcrum Equity Management’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $324,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CGMS. PFG Advisors grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 51.6% during the fourth quarter. PFG Advisors now owns 23,761 shares of the company’s stock worth $648,000 after buying an additional 8,092 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 90.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 51,812 shares of the company’s stock valued at $1,413,000 after purchasing an additional 24,575 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 11.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,714,154 shares of the company’s stock valued at $46,762,000 after purchasing an additional 182,327 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 114.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 126,407 shares of the company’s stock valued at $3,448,000 after purchasing an additional 67,501 shares during the period. Finally, Harbour Investments Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 17.6% in the fourth quarter. Harbour Investments Inc. now owns 229,729 shares of the company’s stock valued at $6,267,000 after purchasing an additional 34,313 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.3%

Shares of CGMS opened at $27.50 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.08 and a 12-month high of $28.00. The firm has a 50-day moving average price of $27.30 and a 200 day moving average price of $27.28. The firm has a market capitalization of $2.88 billion, a P/E ratio of 10.71 and a beta of 0.40.

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