Kingsview Wealth Management LLC Acquires 36,717 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Kingsview Wealth Management LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 12.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 338,353 shares of the company’s stock after acquiring an additional 36,717 shares during the period. Kingsview Wealth Management LLC owned approximately 0.22% of Capital Group U.S. Multi-Sector Income ETF worth $9,345,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Focus Partners Wealth bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the 1st quarter valued at about $1,048,000. NewEdge Advisors LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% during the second quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock worth $4,114,000 after purchasing an additional 68,484 shares during the period. CLG LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% during the second quarter. CLG LLC now owns 47,423 shares of the company’s stock worth $1,310,000 after purchasing an additional 3,261 shares during the period. Benjamin Edwards Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% in the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock valued at $11,006,000 after buying an additional 17,345 shares in the last quarter. Finally, IHT Wealth Management LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at approximately $230,000.

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

Shares of NYSEARCA:CGMS opened at $27.59 on Friday. The company has a market capitalization of $4.72 billion, a P/E ratio of 10.71 and a beta of 0.30. 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 business’s 50 day simple moving average is $27.45 and its 200 day simple moving average is $27.60.

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.