Kingsview Wealth Management LLC Buys 36,717 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Kingsview Wealth Management LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 12.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 338,353 shares of the company’s stock after purchasing an additional 36,717 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $9,345,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CGMS. Focus Partners Wealth acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at $1,048,000. NewEdge Advisors LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 85.1% in the 2nd quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock worth $4,114,000 after purchasing an additional 68,484 shares in the last quarter. CLG LLC raised its position in Capital Group U.S. Multi-Sector Income ETF by 7.4% in the second quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after purchasing an additional 3,261 shares during the last quarter. Benjamin Edwards Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 4.6% in the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock valued at $11,006,000 after purchasing an additional 17,345 shares during the last quarter. Finally, IHT Wealth Management LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at about $230,000.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.2%

NYSEARCA:CGMS opened at $27.59 on Friday. The stock’s 50-day moving average is $27.45 and its 200-day moving average is $27.60. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $27.01 and a 1-year high of $28.08. The stock has a market cap of $4.72 billion, a P/E ratio of 10.71 and a beta of 0.30.

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.