J. Derek Lewis & Associates Inc. Invests $17.03 Million in Capital Group U.S. Multi-Sector Income ETF $CGMS

J. Derek Lewis & Associates Inc. acquired a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 616,657 shares of the company’s stock, valued at approximately $17,032,000. Capital Group U.S. Multi-Sector Income ETF accounts for about 4.0% of J. Derek Lewis & Associates Inc.’s holdings, making the stock its 9th biggest position. J. Derek Lewis & Associates Inc. owned about 0.41% of Capital Group U.S. Multi-Sector Income ETF at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CGMS. LPL Financial LLC boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 30.8% during the 4th quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock worth $424,432,000 after acquiring an additional 3,616,255 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 44.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock worth $149,281,000 after purchasing an additional 1,658,572 shares during the period. UBS Group AG raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 49.2% during the third quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock worth $97,817,000 after purchasing an additional 1,162,393 shares during the period. Raymond James Financial Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 19.9% during the fourth quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock worth $143,686,000 after purchasing an additional 863,369 shares during the period. Finally, Regatta Capital Group LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 6,655.7% during the fourth quarter. Regatta Capital Group LLC now owns 779,270 shares of the company’s stock valued at $21,523,000 after purchasing an additional 767,735 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Price Performance

NYSEARCA:CGMS opened at $27.47 on Friday. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $27.01 and a 1-year high of $28.08. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The stock has a fifty day simple moving average of $27.51 and a 200 day simple moving average of $27.57.

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.