357,224 Shares in Capital Group U.S. Multi-Sector Income ETF $CGMS Purchased by Clear Trail Advisors LLC

Clear Trail Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) during the 1st quarter, HoldingsChannel reports. The fund purchased 357,224 shares of the company’s stock, valued at approximately $9,727,000. Capital Group U.S. Multi-Sector Income ETF comprises approximately 1.6% of Clear Trail Advisors LLC’s portfolio, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Focus Partners Wealth bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter worth approximately $1,048,000. NewEdge Advisors LLC lifted its position in 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 valued at $4,114,000 after purchasing an additional 68,484 shares during the last quarter. CLG LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 7.4% in the 2nd quarter. CLG LLC now owns 47,423 shares of the company’s stock worth $1,310,000 after buying an additional 3,261 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 4.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock worth $11,006,000 after buying an additional 17,345 shares in the last quarter. Finally, IHT Wealth Management LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth approximately $230,000.

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

Shares of NYSEARCA:CGMS opened at $27.41 on Tuesday. The company’s fifty day moving average price is $27.51 and its 200-day moving average price is $27.57. The firm has a market capitalization of $4.68 billion, a price-to-earnings 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.

Capital Group U.S. Multi-Sector Income ETF Company 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.