KMG Fiduciary Partners LLC Has $785,000 Stock Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

KMG Fiduciary Partners LLC lowered its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 92.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,711 shares of the company’s stock after selling 369,409 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $785,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 9.1% in the 4th quarter. D.A. Davidson & CO. now owns 225,710 shares of the company’s stock valued at $6,234,000 after buying an additional 18,758 shares during the period. Stephens Inc. AR raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 12.7% in the 4th quarter. Stephens Inc. AR now owns 682,526 shares of the company’s stock valued at $18,851,000 after buying an additional 76,839 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $1,307,000. RHL Group LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth about $4,701,000. Finally, EQ Wealth Advisors LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 13.7% during the 4th quarter. EQ Wealth Advisors LLC now owns 594,418 shares of the company’s stock worth $16,418,000 after acquiring an additional 71,421 shares during the period.

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

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.12 on Wednesday. The firm has a market cap of $5.33 billion, a P/E ratio of 10.71 and a beta of 0.29. The firm’s 50-day simple moving average is $27.30 and its 200-day simple moving average is $27.46. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.95 and a twelve month high of $28.08.

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