Mosaic Family Wealth Partners LLC Purchases 26,515 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Mosaic Family Wealth Partners LLC increased its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 37.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 96,924 shares of the company’s stock after purchasing an additional 26,515 shares during the period. Mosaic Family Wealth Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $2,639,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focus Partners Wealth purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at approximately $1,048,000. NewEdge Advisors LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% during the 2nd quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock valued at $4,114,000 after acquiring an additional 68,484 shares during the last quarter. CLG LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% during the 2nd quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after acquiring an additional 3,261 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock valued at $11,006,000 after acquiring an additional 17,345 shares during the last quarter. Finally, IHT Wealth Management LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at $230,000.

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

Shares of CGMS opened at $27.31 on Friday. The company’s fifty day moving average is $27.44 and its 200 day moving average is $27.54. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $27.01 and a fifty-two week high of $28.08. The stock has a market capitalization of $5.17 billion, a PE ratio of 10.71 and a beta of 0.29.

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.