LPL Financial LLC Boosts Stake in Capital Group U.S. Multi-Sector Income ETF $CGMS

LPL Financial LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 30.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,366,839 shares of the company’s stock after purchasing an additional 3,616,255 shares during the quarter. LPL Financial LLC owned 10.16% of Capital Group U.S. Multi-Sector Income ETF worth $424,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CGMS. Bogart Wealth LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $27,000. Marshall & Sterling Wealth Advisors Inc. raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock worth $29,000 after purchasing an additional 477 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $31,000. Olistico Wealth LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $54,000. Finally, Cape Investment Advisory Inc. raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 422.7% in the third quarter. Cape Investment Advisory Inc. now owns 2,629 shares of the company’s stock worth $73,000 after purchasing an additional 2,126 shares during the last quarter.

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

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.32 on Tuesday. The stock has a market cap of $4.67 billion, a PE ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a one year low of $27.01 and a one year high of $28.08. The stock has a fifty day moving average of $27.48 and a 200 day moving average of $27.59.

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.