TruWealth Advisors LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 731,665 shares of the company’s stock after purchasing an additional 33,718 shares during the period. TruWealth Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $20,304,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in CGMS. PNC Financial Services Group Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at $27,000. Financial Perspectives Inc grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 59.6% during the second quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock worth $51,000 after buying an additional 692 shares in the last quarter. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter worth approximately $85,000. IFP Advisors Inc increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 38.3% during the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $113,000 after buying an additional 1,132 shares during the period. Finally, AdvisorNet Financial Inc lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 67.6% in the second quarter. AdvisorNet Financial Inc now owns 4,551 shares of the company’s stock worth $126,000 after acquiring an additional 1,836 shares during the last quarter.
Capital Group U.S. Multi-Sector Income ETF Trading Up 0.1%
Shares of NYSEARCA:CGMS opened at $27.68 on Tuesday. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.08. The company’s 50 day moving average is $27.72 and its two-hundred day moving average is $27.67. The company has a market cap of $3.51 billion, a PE ratio of 10.71 and a beta of 0.34.
Capital Group U.S. Multi-Sector Income ETF Cuts Dividend
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.
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