LPL Financial LLC Raises Stock Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

LPL Financial LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 30.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,366,839 shares of the company’s stock after buying an additional 3,616,255 shares during the period. LPL Financial LLC owned about 0.10% of Capital Group U.S. Multi-Sector Income ETF worth $424,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nations Financial Group Inc. IA ADV increased its position in Capital Group U.S. Multi-Sector Income ETF by 1.1% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock worth $968,000 after buying an additional 373 shares in the last quarter. Wayfinding Financial LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 0.4% in the third quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock worth $2,931,000 after buying an additional 385 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 1.9% in the third quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock worth $647,000 after buying an additional 432 shares in the last quarter. Apollon Wealth Management LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 0.8% in the fourth quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock worth $1,501,000 after buying an additional 439 shares in the last quarter. Finally, Bridgewealth Advisory Group LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 2.8% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock worth $455,000 after buying an additional 445 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.0%

Shares of CGMS opened at $27.32 on Tuesday. The business has a 50-day simple moving average of $27.48 and a two-hundred day simple moving average of $27.59. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $27.01 and a 52 week high of $28.08.

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.