J. Derek Lewis & Associates Inc. Acquires 87,030 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

J. Derek Lewis & Associates Inc. lifted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 14.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 703,687 shares of the company’s stock after purchasing an additional 87,030 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises about 4.3% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 7th largest holding. J. Derek Lewis & Associates Inc. owned 0.41% of Capital Group U.S. Multi-Sector Income ETF worth $19,198,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Focus Partners Wealth purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the first quarter worth approximately $1,048,000. NewEdge Advisors LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% in the second quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock valued at $4,114,000 after buying an additional 68,484 shares in the last quarter. CLG LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% in the second quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after buying an additional 3,261 shares in the last quarter. Benjamin Edwards Inc. raised its stake 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 worth $11,006,000 after buying an additional 17,345 shares during the period. Finally, IHT Wealth Management LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter worth approximately $230,000.

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

Shares of NYSEARCA:CGMS opened at $27.19 on Friday. The business’s 50 day moving average price is $27.36 and its 200-day moving average price is $27.49. 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 $5.29 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29.

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.