Transcendent Capital Group LLC Increases Stock Holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

Transcendent Capital Group LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 14.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,591 shares of the company’s stock after purchasing an additional 8,326 shares during the period. Transcendent Capital Group LLC’s holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 4.9% during the first quarter. Janney Montgomery Scott LLC now owns 121,843 shares of the company’s stock worth $3,326,000 after acquiring an additional 5,736 shares during the last quarter. Cottage Street Advisors LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 195.5% during the fourth quarter. Cottage Street Advisors LLC now owns 41,787 shares of the company’s stock worth $1,140,000 after acquiring an additional 27,648 shares during the last quarter. Thoroughbred Financial Services LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $488,000. Novem Group purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $2,595,000. Finally, Daymark Wealth Partners LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 7.1% during the first quarter. Daymark Wealth Partners LLC now owns 28,855 shares of the company’s stock worth $788,000 after acquiring an additional 1,901 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.3%

Shares of Capital Group U.S. Multi-Sector Income ETF stock opened at $27.50 on Monday. The firm has a market cap of $2.88 billion, a P/E ratio of 10.71 and a beta of 0.40. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.00. The business has a 50-day moving average price of $27.30 and a 200 day moving average price of $27.28.

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.