EQ Wealth Advisors LLC Raises Holdings in Capital Group U.S. Multi-Sector Income ETF $CGMS

EQ Wealth Advisors LLC lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 7.4% in the first quarter, Holdings Channel.com reports. The fund owned 638,390 shares of the company’s stock after purchasing an additional 43,972 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises approximately 10.2% of EQ Wealth Advisors LLC’s portfolio, making the stock its 2nd largest holding. EQ Wealth Advisors LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $17,383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGMS. D.A. Davidson & CO. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 9.1% in the fourth quarter. D.A. Davidson & CO. now owns 225,710 shares of the company’s stock worth $6,234,000 after buying an additional 18,758 shares in the last quarter. Bouvel Investment Partners LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 9.5% during the 4th quarter. Bouvel Investment Partners LLC now owns 231,976 shares of the company’s stock valued at $6,407,000 after acquiring an additional 20,104 shares in the last quarter. Capital Advantage Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 6.4% during the 4th quarter. Capital Advantage Inc. now owns 2,308,168 shares of the company’s stock worth $63,752,000 after acquiring an additional 138,954 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 43.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock worth $4,887,000 after acquiring an additional 53,998 shares in the last quarter. Finally, Regatta Capital Group LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 6,655.7% in the 4th quarter. Regatta Capital Group LLC now owns 779,270 shares of the company’s stock worth $21,523,000 after acquiring an additional 767,735 shares in the last quarter.

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

Shares of NYSEARCA CGMS traded down $0.03 during mid-day trading on Friday, hitting $27.28. 1,043,672 shares of the stock traded hands, compared to its average volume of 1,009,018. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $27.01 and a 52 week high of $28.08. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The stock has a fifty day moving average price of $27.43 and a 200-day moving average price of $27.54.

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.