Scott Capital Advisors LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 207.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,977 shares of the company’s stock after acquiring an additional 37,770 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for 0.3% of Scott Capital Advisors LLC’s portfolio, making the stock its 25th biggest holding. Scott Capital Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,546,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cullen Frost Bankers Inc. grew its position in Capital Group U.S. Multi-Sector Income ETF by 28.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock valued at $4,328,000 after purchasing an additional 34,091 shares during the last quarter. EQ Wealth Advisors LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 8.1% in the third quarter. EQ Wealth Advisors LLC now owns 522,997 shares of the company’s stock worth $14,513,000 after buying an additional 39,319 shares during the last quarter. TruWealth Advisors LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.8% in the third quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock worth $20,304,000 after buying an additional 33,718 shares in the last quarter. Centennial Wealth Advisory LLC lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 53.5% in the third quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock worth $6,223,000 after buying an additional 78,204 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 13.2% during the third quarter. Assetmark Inc. now owns 289,878 shares of the company’s stock valued at $8,044,000 after buying an additional 33,822 shares during the last quarter.
Capital Group U.S. Multi-Sector Income ETF Stock Down 0.2%
Shares of NYSEARCA CGMS opened at $27.21 on Wednesday. The firm has a market cap of $4.12 billion, a P/E ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.08 and a twelve month high of $28.08. The company has a 50 day moving average of $27.63 and a 200 day moving average of $27.71.
Capital Group U.S. Multi-Sector Income ETF Increases 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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