Steelhead Wealth Management LLC Takes $3.53 Million Position in Capital Group U.S. Multi-Sector Income ETF $CGMS

Steelhead Wealth Management LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 129,687 shares of the company’s stock, valued at approximately $3,531,000. Capital Group U.S. Multi-Sector Income ETF comprises approximately 1.8% of Steelhead Wealth Management LLC’s portfolio, making the stock its 14th biggest holding.

Other institutional investors have also modified their holdings of the company. Nations Financial Group Inc. IA ADV boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.1% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock valued at $968,000 after purchasing an additional 373 shares during the last quarter. Burford Brothers Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.4% during the 1st quarter. Burford Brothers Inc. now owns 30,956 shares of the company’s stock worth $843,000 after purchasing an additional 414 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 0.8% during the 4th quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock worth $1,501,000 after purchasing an additional 439 shares during the last quarter. Bridgewealth Advisory Group LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% in the 4th quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock valued at $455,000 after purchasing an additional 445 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 29,711 shares of the company’s stock valued at $821,000 after purchasing an additional 488 shares in the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.00 on Monday. The stock has a market cap of $5.30 billion, a P/E ratio of 10.71 and a beta of 0.29. The stock has a 50 day moving average of $27.35 and a 200-day moving average of $27.49. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.95 and a 52 week 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.