Envestnet Asset Management Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 27.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,400,596 shares of the company’s stock after acquiring an additional 1,155,945 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $149,867,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of CGMS. Financial Perspectives Inc grew its stake in Capital Group U.S. Multi-Sector Income ETF by 59.6% in the 2nd quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock valued at $51,000 after buying an additional 692 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $53,000. HHM Wealth Advisors LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $59,000. IFP Advisors Inc grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 38.3% in the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $113,000 after purchasing an additional 1,132 shares in the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at $204,000.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
NYSEARCA:CGMS opened at $27.69 on Friday. 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 business’s fifty day moving average is $27.70 and its 200 day moving average is $27.73. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34.
Capital Group U.S. Multi-Sector Income ETF Cuts Dividend
About Capital Group U.S. Multi-Sector Income ETF
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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