LCW Services LLC Invests $4.45 Million in Capital Group U.S. Multi-Sector Income ETF $CGMS

LCW Services LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 161,019 shares of the company’s stock, valued at approximately $4,447,000. Capital Group U.S. Multi-Sector Income ETF accounts for 2.4% of LCW Services LLC’s investment portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nations Financial Group Inc. IA ADV grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.1% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock worth $968,000 after purchasing an additional 373 shares during the period. Wayfinding Financial LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.4% during the 3rd quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock worth $2,931,000 after purchasing an additional 385 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.9% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock worth $647,000 after purchasing an additional 432 shares during the period. Apollon Wealth Management LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.8% during the 4th quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock worth $1,501,000 after purchasing an additional 439 shares during the period. Finally, Bridgewealth Advisory Group LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% during the 4th quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock worth $455,000 after purchasing an additional 445 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.5%

NYSEARCA:CGMS opened at $27.33 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $27.01 and a fifty-two week high of $28.08. The stock has a market cap of $4.67 billion, a PE ratio of 10.71 and a beta of 0.29. The firm’s fifty day simple moving average is $27.47 and its 200-day simple moving average is $27.59.

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.