Kestra Advisory Services LLC Boosts Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

Kestra Advisory Services LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 18.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 987,033 shares of the company’s stock after purchasing an additional 152,202 shares during the period. Kestra Advisory Services LLC owned approximately 0.58% of Capital Group U.S. Multi-Sector Income ETF worth $26,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 30.8% in the 4th 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 period. Morgan Stanley grew 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 acquiring an additional 183,781 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 44.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock worth $149,281,000 after purchasing an additional 1,658,572 shares during the period. Raymond James Financial Inc. raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 19.9% in the fourth quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock valued at $143,686,000 after acquiring an additional 863,369 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 25.2% in the 4th quarter. UBS Group AG now owns 4,413,157 shares of the company’s stock valued at $121,891,000 after purchasing an additional 888,212 shares in the last quarter.

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

Shares of NYSEARCA:CGMS traded down $0.03 on Friday, hitting $27.28. 1,043,672 shares of the company’s stock were exchanged, compared to its average volume of 1,009,018. The firm’s 50-day moving average is $27.43 and its 200 day moving average is $27.54. The company has a market capitalization of $5.16 billion, a PE ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $27.01 and a 1-year high of $28.08.

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.