Cetera Investment Advisers Increases Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Cetera Investment Advisers grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 17.7% during the 1st quarter, HoldingsChannel reports. The firm owned 4,296,149 shares of the company’s stock after buying an additional 646,551 shares during the period. Cetera Investment Advisers’ holdings in Capital Group U.S. Multi-Sector Income ETF were worth $116,984,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 30.8% in the fourth quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock valued at $424,432,000 after buying an additional 3,616,255 shares during the last quarter. Morgan Stanley lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% in the fourth quarter. Morgan Stanley now owns 6,699,298 shares of the company’s stock worth $185,035,000 after buying an additional 183,781 shares in the last quarter. Wells Fargo & Company MN boosted its position in 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 acquiring an additional 1,658,572 shares during the last quarter. Raymond James Financial Inc. boosted its position in 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 acquiring an additional 863,369 shares during the last quarter. Finally, UBS Group AG boosted its position in Capital Group U.S. Multi-Sector Income ETF by 25.2% during the fourth quarter. UBS Group AG now owns 4,413,157 shares of the company’s stock worth $121,891,000 after acquiring an additional 888,212 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.3%

Shares of NYSEARCA CGMS opened at $27.10 on Friday. The stock has a market cap of $5.20 billion, a PE ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $27.01 and a 12-month high of $28.08. The company has a 50-day moving average of $27.39 and a 200 day moving average of $27.51.

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.