Swisher Financial Concepts Inc. Increases Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

Swisher Financial Concepts Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 12.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 277,457 shares of the company’s stock after buying an additional 29,715 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF accounts for about 4.2% of Swisher Financial Concepts Inc.’s holdings, making the stock its 9th largest position. Swisher Financial Concepts Inc.’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $7,555,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Focus Partners Wealth bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter worth about $1,048,000. NewEdge Advisors LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 85.1% in the 2nd quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock worth $4,114,000 after acquiring an additional 68,484 shares in the last quarter. CLG LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 7.4% in the 2nd quarter. CLG LLC now owns 47,423 shares of the company’s stock worth $1,310,000 after acquiring an additional 3,261 shares in the last quarter. Benjamin Edwards Inc. raised its stake in 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 acquiring an additional 17,345 shares during the period. Finally, IHT Wealth Management LLC bought a new stake in 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 $27.47 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 company has a market capitalization of $4.69 billion, a P/E ratio of 10.71 and a beta of 0.29. The firm’s 50 day simple moving average is $27.51 and its two-hundred day simple moving average is $27.57.

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.